Costing

[amp_mcq option1=”x-axis” option2=”y-axis” option3=”unit axis” option4=”term axis” correct=”option1″]

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

[amp_mcq option1=”all indirect costs” option2=”all direct costs” option3=”indirect and direct costs” option4=”all specific costs” correct=”option3″]

Detailed SolutionOverhead cost is the total of ________.

[amp_mcq option1=”allocate separable costs” option2=”allocate joint costs” option3=”compute gross margin” option4=”assign total cost to completed units” correct=”option4″]

Detailed SolutionFifth step in process costing system is to