(A) Independent of the cost system, used to generate them
(B) Needed for determining product contribution
(C) Irrelevant in marginal analysis
(D) Relevant for cost-volume-profit analysis
Tag: Cost accounting Mcqs
The total cost incurred in the operation of a business undertaking other than the cost of manufacturing and production is known as?
(A) Direct cost
(B) Variable cost
(C) Commercial cost
(D) Conversion cost
Costs that change in response to alternative courses of action are called:
(A) Differential costs
(B) Relevant costs
(C) Sunk costs
(D) Target costs