Costing

1. In plotting of cost functions, level of activities according to which charged cost is represented on

x-axis
y-axis
unit axis
term axis

Detailed SolutionIn plotting of cost functions, level of activities according to which charged cost is represented on

2. Overhead cost is the total of ________.

all indirect costs
all direct costs
indirect and direct costs
all specific costs

Detailed SolutionOverhead cost is the total of ________.

3. Fifth step in process costing system is to

allocate separable costs
allocate joint costs
compute gross margin
assign total cost to completed units

Detailed SolutionFifth step in process costing system is to

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