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Marginal Costing and Analysis Quiz

Test your knowledge of marginal costing technique, including its application, features, advantages, limitations, and key terms. Explore break-even analysis, cost volume profit analysis, and comparison with absorption costing and differential costing. This quiz covers key factors and assumptions of marginal costing.

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Questions and Answers

Marginal costing is a technique of ascertaining cost used in any method of ______

costing

According to this technique, variable costs are charged to cost units and the ______ fixed cost off in full against the is the contribution for that period.

relevant period is written

Thus, all Variable are expenses are with increase or decrease of unit which direct labour, direct ______, production or sales.

expenses

Variable expenses arevary in variable factory According attributable to Contribution classified direct sympathy those expenses overheads and variable distribution overheads. Fixed expenses include overheads and fixed selling and distribution fixed factory overheads, selling overheads. Fixed on the volume of activity and are expenses to no effect ______

<p>period</p> Signup and view all the answers

Variable cost, on the other hand, relates to the ______

<p>materials; administration &amp; administration</p> Signup and view all the answers

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