Cost concepts

Question 1 of 10

A cost unit is

Question 2 of 10

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

Question 3 of 10

Cost accounting is mainly concerned with

Question 4 of 10

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

Question 5 of 10

Opportunity cost is

Question 6 of 10

Costs that can be traced directly to a unit of product are

Question 7 of 10

Opportunity cost in costing refers to

Question 8 of 10

The three elements of cost are

Question 9 of 10

A unit of product or service for which costs are collected is a

Question 10 of 10

A cost centre is