Q. …………..cost represents the increase or decrease in total cost which occurs with change in output.
✅ Correct Answer: (B)
Marginal cost
Cost and Works Accounting 1 MCQs and Notes
Q. The aggregate amount of all the items of expenses paid or payable for the particular product or service is called as
✅ Correct Answer: (C)
Total Cost
Q. The amount of expenditure incurred on, or attributable to, a specified thing or an activity or cost unit is known as
✅ Correct Answer: (B)
Cost
Q. …………………..does not deal with the accumulation, classification, analysis, allocation, summarization, interpretation, reporting and control of current and perspective costs.
✅ Correct Answer: (B)
Financial Accounting