Economics · Cost Accounting
Match List I (Type of Costing) with List II (Description): List I A. Marginal Costing B. ABC Costing C. Target Costing D. Process Costing List II I. Integrated approach to determine product features, product price, product costs and product design that helps ensure a company to earn reasonable profit on new products. II. The amount of any given volume of output by which the aggregate costs are changed if the volume of output is increased by one unit. III. Used when identical units are produced through an on-going series of production steps. IV. Costing system in which costs begin with tracing of activities and then to producing the product. Choose the correct match from the options given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A - I, B - III, C - II, D - IV
- 2A - II, B - III, C - IV, D - I
- 3A - I, B - IV, C - III, D - II
- 4A - II, B - IV, C - I, D - III✓
Correct answer
A - II, B - IV, C - I, D - III
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