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Q. ………………..cost remains constant per unit of output irrespective of the level of output and thus fluctuates directly in proportion to changes in the volume of output

Q. Prime costs may be defined as

Q. An increase in current asset accompanied by the increase in current liabilities of the same amount will…………………

Q. The Branch of accounting concerned with collection, determining and controlling cost of products and services is called………………

Q. Cost Accounting and Management Accounting are ……………….. in nature.

Q. Given sales = 100000, Profit = 10000 , variable cost = 70%.The sales required to earn a profit of Rs.40000 is ………………………

Q. A 'product' cost is a cost that is classified by:

Q. ………. Is the increase or decrease in total cost which results from producing or selling additional or fewer units of a product or from a change in the method of production or distribution such as the use of improved machinery, addition or exclusion of a product or territory or selection of an additional sales channel.

Q. In responsibility accounting the organization is divided into different ………centers

Q. Marginal cost and differential cost are the same when ……..costs do not change with change in output