if the sale price of a product is rs 10 and the variable cost is rs 7 50 then the co 608718

Fill in the blanks with apt word(s)

1. Under marginal-costing method, cost per unit is ascertained only on the basis of _____.
2. _____ costs are not taken into account under marginal costing.
3. Marginal costing is known as _____.
4. Marginal costing is a technique to study the relationship between _____ and the volume of output.
5. Marginal costing and _____ costing are interchangeable terms.
6. Contribution is the difference between sales and _____ cost of sales.
7. Under marginal-costing technique, profit is determined by deducting fixed costs from the total _____.
8. Under marginal-costing technique, costs are separated into _____ and _____ elements.
9. Marginal costing combines the technique of cost recording and cost _____.
10. The unit cost of a product means the average _____ of manufacturing the product.
11. The excess of contribution over fixed costs is _____.
12. When selling price equals the cost, contribution = _____.
13. Under marginal costing, fixed costs will be a _____ amount.
14. Direct materials, direct labour and direct expenses are all called as _____ costs.
15. The straight-line equation used in segregating the semi-variable costs into their fixed and variable elements is

Y = _____ + C.

1. Under _____ technique, both fixed and variable costs are charged to product costs.
2. Profits shown by marginal costing and profits shown by absorption costing will not be _____ at all conditions.
3. Basic marginal equation is: Sales – marginal costs = _____.
4. Whereas in the above equation Contribution = _____ + Profit.
5. If the sale price of a product is Rs. 10 and the variable cost is Rs. 7.50, then the contribution will be _____.
6. Under absorption costing, profit is the difference between the sales and _____.
7. Period costs are nothing but _____.
8. Key factor is also known as _____.
9. Selling of a new product, which is to be introduced in the market, at or below _____ is justified.
10. Key factor is important in determining the _____ of products.