Question
Under marginal costing, which of the following cost will
NOT be attributed to the product cost?Solution
Marginal costing is a technique of costing in which only variable costs are treated as product cost and charged to the product. the fixed costs are treated as period cost and are therefore charged to the accounting period in which such fixed cost is incurred irrespective of the quantity and value of the products produced or sold. As such, rent, which is a fixed cost, will not be attributed to the product cost under marginal costing.
Who among the following represents the full authority of the Lok Sabha?
Which of the following Section of Indian Penal code is related to the offence of sedition?
The Central Board of Direct Taxes (CBDT) operates under which department?
In which year was the first-ever motion to remove a Supreme Court Justice signed, by 108 members of the Parliament?
The 'Right to Work' plan, under the National Rural Employment Guarantee Act, 2005, was implemented in how many districts in the first phase?
Members of which phylum are known as sponges?
In the OBICUS survey, what does U stand for?
When did the Drafting Committee publish the first draft of the Indian Constitution?
Which of the following languages is/are spoken in Meghalaya?
1) Kokborok
2) Garo
3) Khasi
The National Bureau of Plant Genetic Resources is located at
