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I need the answer as soon as possible or 1.3 Complete the following statements. (i) A is a unit of product or service in relation
I need the answer as soon as possible
or 1.3 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 cost is an expenditure on labour, materials or ser- vices which cannot be economically identified with a specific saleable cost unit. (v) A cost 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 is directly related to output. (viii) An example of a fixed cost would be (ix) An example of a variable cost would be (x) An example of a semi-fixed/semi-variable cost would beStep by Step Solution
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