In dependent variable cost pool, relationship between individual cost items and cost drivers can be classified as
A. no homogeneous relationship
B. homogeneous relationship
C. heterogeneous relationship
D. an extreme relationship
Answer: Option A
Solution(By Examveda Team)
In dependent variable cost pool, relationship between individual cost items and cost drivers can be classified as no homogeneous relationship.Related Questions on Costing
Basic objective of cost accounting is ________
A. tax compliance.
B. financial audit.
C. cost ascertainment.
D. profit analysis.
Process costing is suitable for ________.
A. hospitals
B. oil refing firms
C. transport firms
D. brick laying firms
The cost which is to be incurred even when a business unit is closed is a _____.
A. imputed cost
B. historical cost
C. sunk cost
D. shutdown cost
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