Match the following.
List-I | List-II |
a. Variable costing | 1. Absorption costing |
b. Valuation of stock is higher | 2. Fixed cost is excluded from inventory valuation |
c. Marginal and differential costs are same | 3. Marginal costing |
d. Marginal costing | 4. No change in fixed cost |
A. a-3, b-4, c-1, d-2
B. a-3, b-1, c-4, d-2
C. a-4, b-3, c-1, d-2
D. a-4, b-3, c-2, d-1
Answer: Option B
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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