Question

statements :
(a) Cost accounting is a system of foresight and not
a post mortem examination for an entrepreneur.
It may turn losses into profits, speeds up
activities and eliminate wastes.
(b) Selling price is always based on the total costs.
(c) Fixed cost always remains constant.
(d) Labour cost can be both fixed cost or variable
cost.
(e) Depreciation cost can be much different from
the market value of the machine.

Answer 1

Answer:

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