The costs of all the activities for a group of products, rather than individual product can be classified as ___________?
Correct answer: C. batch level costs
- A. activity level costs
- B. input level costs
- C. batch level costs
- D. output level costs
Explanation
Batch-level costs arise from performing activities for a group or batch of products, rather than for each individual unit. Unit-level costs, in contrast, vary with every product produced.
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About Cost Accounting
Cost accounting measures and analyses the cost of producing goods or providing services for planning, control and pricing decisions. It covers direct and indirect costs, fixed and variable costs, job and process costing, break-even analysis, marginal costing, overhead allocation, and the difference between product cost and period cost.
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