Prime cost plus variable overheads is known as________.
A. Cost of sales
B. Production Cost
C. Total Cost
D. Marginal cost
Answer: Option D
Solution(By Examveda Team)
Prime cost plus variable overheads is known as Marginal cost. Marginal cost is the change in the total cost that arises when the quantity produced is incremented by one unit; that is, it is the cost of producing one more unit of a good.Join The Discussion
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