1.A: TRUE FALSE The suitable cost unit for electricity is Kilowatt HoursCost centers are a quantitative unit of product or services to which cost can be related.Variable cost is the cost that changes as the level of output changes.Cost involved in creating, testing and developing product is classified as research development cost.

Electricity is measured in terms of kilowatt hours for costing purposes.

Answered: The suitable cost unit for electricity…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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1.A: TRUE FALSE

The suitable cost unit for electricity is Kilowatt Hours
Cost centers are a quantitative unit of product or services to which cost can be related.
Variable cost is the cost that changes as the level of output changes.
Cost involved in creating, testing and developing product is classified as research development cost.

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