Cost concepts

Question 1 of 10

Prime cost is the total of

Question 2 of 10

A cost that varies with output but in steps (e.g. a supervisor for every 20 workers) is a

Question 3 of 10

A department or location to which costs are charged is a

Question 4 of 10

Cost accounting is mainly concerned with

Question 5 of 10

A cost that stays the same in total whatever the level of output (within a range) is a

Question 6 of 10

Semi-variable costs contain

Question 7 of 10

Opportunity cost in costing refers to

Question 8 of 10

Using the high-low method: at 1,000 units cost is GH¢7,000; at 1,500 units GH¢9,000. Variable cost per unit is

Question 9 of 10

Opportunity cost is

Question 10 of 10

Indirect costs that cannot be traced to a specific product are