In the marginal costing method, the actual amount of fixed overheads is wholly charged to
A) Cost sheet
B) Profit and loss
C) Balance sheet
D) Cost account
Correct Answer:
Verified
Q15: Contract costing is a basic method of
A)Specific
Q16: In cost-plus contract, the contractor will get
Q17: In marginal costing valuation of stock of
Q18: In marginal costing selling price is based
Q19: The difference between selling price and marginal
Q20: Fixed expenses + profit=?
A)Contribution
B)Marginal cost
C)Prime cost
D)Variable cost
Q21: Stock of work in progress and finished
Q23: ……………..is a financial plan
A)Budget
B)Budgetary control
C)P/V ratio
D)BEP
Q24: Budget control is exercised by
A)Budget officer
B)Budget director
C)Budget
Q25: Period for which budget is prepared is
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