Fill in the blanks with apt word(s)
- Under marginal-costing method, cost per unit is ascertained only on the basis of _____.
- _____ costs are not taken into account under marginal costing.
- Marginal costing is known as _____.
- Marginal costing is a technique to study the relationship between _____ and the volume of output.
- Marginal costing and _____ costing are interchangeable terms.
- Contribution is the difference between sales and _____ cost of sales.
- Under marginal-costing technique, profit is determined by deducting fixed costs from the total _____.
- Under marginal-costing technique, costs are separated into _____ and _____ elements.
- Marginal costing combines the technique of cost recording and cost _____.
- The unit cost of a product means the average _____ of manufacturing the product.
- The excess of contribution over fixed costs is _____.
- When selling price equals the cost, contribution = _____.
- Under marginal costing, fixed costs will be a _____ amount.
- Direct materials, direct labour and direct expenses are all called as _____ costs.
- The straight-line equation used in segregating the semi-variable costs into their fixed and variable elements is
Y = _____ + C.
- Under _____ technique, both fixed and variable costs are charged to product costs.
- Profits shown by marginal costing and profits shown by absorption costing will not be _____ at all conditions.
- Basic marginal equation is: Sales – marginal costs = _____.
- Whereas in the above equation Contribution = _____ + Profit.
- If the sale price of a product is Rs. 10 and the variable cost is Rs. 7.50, then the contribution will be _____.
- Under absorption costing, profit is the difference between the sales and _____.
- Period costs are nothing but _____.
- Key factor is also known as _____.
- Selling of a new product, which is to be introduced in the market, at or below _____ is justified.
- Key factor is important in determining the _____ of products.