Marginal costing and costing methods

Question 1 of 10

The costing method used by a building contractor for large, long-term projects is

Question 2 of 10

In process costing, a loss expected under normal conditions is

Question 3 of 10

Fixed costs GH¢30,000; contribution per unit GH¢6; target profit GH¢12,000. Units required are

Question 4 of 10

Process costing is used where

Question 5 of 10

Required profit GH¢16,000; fixed costs GH¢24,000; contribution per unit GH¢10. Units needed are

Question 6 of 10

In process costing, normal loss is

Question 7 of 10

Contribution per unit is

Question 8 of 10

Fixed costs are GH¢20,000 and the contribution-to-sales ratio is 40%. What sales revenue is needed to break even?

Question 9 of 10

A predetermined cost used to measure performance by comparison with actual cost is a

Question 10 of 10

Batch costing is used where