Fill in the following blanks. (i) The volume range over which cost relationships are valid is termed
Question:
Fill in the following blanks.
(i) The volume range over which cost relationships are valid is termed as .
(ii) Future costs that differ under proposed alternatives are .
(iii) Costs that are important to decision-makers, but are not recorded in financial accounting records are .
(iv) Costs which increase with increase in production volume are .
(v) The vertical axis intercept of total cost function represents .
(vi) Fixed costs like rent, insurance, salaries etc. are also known as .
(vii) Incremental and opportunity costs are for decision-making.
(viii) The synonymous term for existing fixed costs is from the perspective of decision-making.
(ix) the most scientific method of segregating mixed costs into fixed and variable components.
(x) Indirect costs are from the perspective of cost control.
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Management Accounting Text Problems And Cases
ISBN: 9781259026683
6th Edition
Authors: M Y Khan, P K Jain