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Complete the following statements. ( i . ) A _ _ _ _ _ _ _ _ _ _ is a unit of product or

Complete the following statements.
(i.) A __________ is a unit of product or service in relation to which costs are
ascertained.
(ii.) A __________ cost is an expenditure which can be economically identified
with and specifically measured in respect to a relevant cost object.
(iii.)__________ cost is the total cost of direct material, direct labour and direct
expenses.
(iv) An __________ or __________ cost is an expenditure on labour, materials or
services which cannot be economically identified with a specific saleable cost unit.
(v) Acost __________ is a production or service location, function, activity or item
of equipment for which costs are accumulated.
(vi) A __________ cost is a cost which is incurred for an accounting period and
which tends to be unaffected by fluctuations in the levels of activity.
(vii) A __________ cost is a cost which changes in total in relation to the level of
output.
(viii) An example of a fixed cost is __________.
(ix) An example of a variable cost is __________.
(x) An example of a semi-fixed/semi-variable cost is __________.

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