Costing

per litre

per tonne

per acre

per metre

fixed cost

constant

variable

both a and b

quantity of work done

time

Both A and B

None of these

maximum capacity and practical capacity

practical capacity and normal capacity

practical capacity and capacity based on sales expectancy

maximum capacity and actual capacity

Incase of increase in price

Incase of falling price

Incase of fixed price

None of these

budgetary slack

costly slack

influential slack

target slack

time study

motion study

merit rating

None of these

Both (A) and (R) are true

(A) is true, but (R) is false

(A) is false, but (R) is true

Both (A) and (R) are false

conversion costs

sunk costs

inventoriable costs

non inventoriable costs

Standard costs are based on scientific analysis and engineering studies, while estimated costs are based on a historical basis

Standard cost emphasis is on 'what cost will be', while estimated cost emphasis is on 'what cost should be'

Standard costs are frequently revised compared to the estimated cost

Estimated costs are stable than standard costs