Prime cost plus variable overheads is known as________.
A. Cost of sales
B. Production Cost
C. Total Cost
D. Marginal cost
Answer: Option D
A. Cost of sales
B. Production Cost
C. Total Cost
D. Marginal cost
Answer: Option D
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
________ plan serving as a pattern for and a control over future operations is known as budget.
Here there is no change in cost in the question asked..otherwise there can be different answer..