Multiple Choice
Which of the following best describes a fixed cost ?
A) remains constant irrespective of the level of activity
B) represents a fixed proportion of total costs
C) increases proportionately with output
D) has a direct relationship with output
Correct Answer:
Verified
Correct Answer:
Verified
Q1: The weighted average method of stock valuation
Q3: Indirect costs are also known as<br>A)direct cost<br>B)overhead
Q4: Which of the following are basic inventories
Q5: Which of the following is not true?<br>A)managerial
Q6: The three basic elements of the cost
Q7: A 'product' cost is a cost that
Q8: Direct costs are also known as:<br>A)indirect cost<br>B)overhead
Q9: A 'direct' cost is a cost that
Q10: Direct labour costs will include……………<br>A)all labor costs
Q11: Which of the following is a period