Fixed cost ...................................in the same proportion in which output changes.
A) does not change
B) changes
C) increases
D) none of these.
Correct Answer:
Verified
Q4: Cost Accountancy is the science, art and
Q5: The ordinary trading account is a locked
Q6: Cost accounting provides data for managerial…………….
A)decision making
B)recruitment
C)retrenchment
D)none
Q7: ………costing is used in transport undertakings.
A)process
B)service
C)multiple
D)job
Q8: Sunk costs are.............................for decision-making
A)irrelevant
B)relevant
C)useful
D)none of these.
Q10: Administration expenses are mostly……………….
A)semi-variable
B)variable
C)fixed
D)none of these.
Q11: .....................…………is the smallest segment of activity or
Q12: Material abstract is also known as ………………
A)material
Q13: Average cost method of valuing material issues
Q14: Specific price method of valuing material issue
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