Answer the following MCQs - 29)Which of the following items is not excluded while preparing a cost sheet? Select one: a. Goodwill written off b. Provision for taxation c. Property tax on factory building d. Transfer to reserves

30)Marginal Cost is Select one: a. The amount at any given volume of output by which aggregate costs are changed if the volume of output is increased or decreased by one unit. b. Prime Cost plus Fixed Overheads c. A variable ratio which may be expressed in terms of an amount per unit of output d. Not normally traceable to particular unit

19)A company has to pay Rs. 10,000 per unit royalty to the designer of a product which it manufactures and sells. The royalty charge would be classified as a? Select one: a. Direct expense b. Production overhead c. Administrative overhead d. Selling overhead

20)Which of the following are true for Marginal costing? Select one: a. Does not make the process of cost accounting more simple b. Does not Help in proper valuation of closing stock c. Useful for standard and budgetary control d. Does not differentiate between variable and fixed cost

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