Question
answer the following MCQs without explanation- a)What is prime cost? Select one: O a. Total direct costs only O b. Total indirect costs only O
answer the following MCQs without explanation-
a)What is prime cost?
Select one:
O a. Total direct costs only
O b. Total indirect costs only
O c. Total non-production costs
O d. Total production costs
b)Which of the following is true at break even point?
Select one:
O a. Total sales revenue = Variable cost
b. Profit = Fixed cost
O c. Sales revenue = Total cost - variable cost
O d. Contribution = Fixed cost
c)Those cost that have both fixed and variable element are called
Select one:
O a. Variable cost
b. Total fixed cost
c. Semi variable cost
d. Prime cost
d)Which of the following factors responsible for change in the break-even point?
Select one:
O a. Change in selling price
O b. Change in variable cost
O c. Change in fixed cost
O d. All of the above
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