Can anyone help me with an answer for the following question:
Match the following:
i) Total fixed cost 1.What cost should be?
ii)Total variable cost 2.Incurred cost
iii)Unit Variable cost 3.Increase in proportion to output
iv)Unit Fixed Cost 4.Cost of conversion
v)Standard Cost 5.What costs are expected to be
vi)Period Cost 6.Decreases wit rise in input
vii)Actual Cost 7.Remains constant in total
viii)Labour & Overhead 8.Remains constant per unit
ix)Incremental cost 9.Cost not assigned to products
x)Budjeted cost 10.Added value of a new product
Is my below answer right?
9-vi
4-viii
8-iv
7-i
6-ii
3-iii
2-vii
5-x
1-v
10-ix
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