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According to the cost classification by controllability, costs can be classified as controllable costs and non-controllable costs. What is a controllable cost?
  • a)
    A cost which cannot be influenced by the action of a specified member of an undertaking
  • b)
    A cost which can be influenced by the action of a specified member of an undertaking
  • c)
    A cost which remains fixed in total amount with changes in the level of activity or volume of production
  • d)
    A cost which varies in direct proportion to the volume of output
Correct answer is option 'B'. Can you explain this answer?
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According to the cost classification by controllability, costs can be ...
According to the cost classification by controllability, a controllable cost is a cost which can be influenced by the action of a specified member of an undertaking. This means that the cost can be controlled or managed by a specific individual or department within the organization. Examples of controllable costs include labor costs, material costs, and certain overhead costs.
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According to the cost classification by controllability, costs can be classified as controllable costs and non-controllable costs. What is a controllable cost?a)A cost which cannot be influenced by the action of a specified member of an undertakingb)A cost which can be influenced by the action of a specified member of an undertakingc)A cost which remains fixed in total amount with changes in the level of activity or volume of productiond)A cost which varies in direct proportion to the volume of outputCorrect answer is option 'B'. Can you explain this answer?
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According to the cost classification by controllability, costs can be classified as controllable costs and non-controllable costs. What is a controllable cost?a)A cost which cannot be influenced by the action of a specified member of an undertakingb)A cost which can be influenced by the action of a specified member of an undertakingc)A cost which remains fixed in total amount with changes in the level of activity or volume of productiond)A cost which varies in direct proportion to the volume of outputCorrect answer is option 'B'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about According to the cost classification by controllability, costs can be classified as controllable costs and non-controllable costs. What is a controllable cost?a)A cost which cannot be influenced by the action of a specified member of an undertakingb)A cost which can be influenced by the action of a specified member of an undertakingc)A cost which remains fixed in total amount with changes in the level of activity or volume of productiond)A cost which varies in direct proportion to the volume of outputCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for According to the cost classification by controllability, costs can be classified as controllable costs and non-controllable costs. What is a controllable cost?a)A cost which cannot be influenced by the action of a specified member of an undertakingb)A cost which can be influenced by the action of a specified member of an undertakingc)A cost which remains fixed in total amount with changes in the level of activity or volume of productiond)A cost which varies in direct proportion to the volume of outputCorrect answer is option 'B'. Can you explain this answer?.
Solutions for According to the cost classification by controllability, costs can be classified as controllable costs and non-controllable costs. What is a controllable cost?a)A cost which cannot be influenced by the action of a specified member of an undertakingb)A cost which can be influenced by the action of a specified member of an undertakingc)A cost which remains fixed in total amount with changes in the level of activity or volume of productiond)A cost which varies in direct proportion to the volume of outputCorrect answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for B Com. Download more important topics, notes, lectures and mock test series for B Com Exam by signing up for free.
Here you can find the meaning of According to the cost classification by controllability, costs can be classified as controllable costs and non-controllable costs. What is a controllable cost?a)A cost which cannot be influenced by the action of a specified member of an undertakingb)A cost which can be influenced by the action of a specified member of an undertakingc)A cost which remains fixed in total amount with changes in the level of activity or volume of productiond)A cost which varies in direct proportion to the volume of outputCorrect answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of According to the cost classification by controllability, costs can be classified as controllable costs and non-controllable costs. What is a controllable cost?a)A cost which cannot be influenced by the action of a specified member of an undertakingb)A cost which can be influenced by the action of a specified member of an undertakingc)A cost which remains fixed in total amount with changes in the level of activity or volume of productiond)A cost which varies in direct proportion to the volume of outputCorrect answer is option 'B'. Can you explain this answer?, a detailed solution for According to the cost classification by controllability, costs can be classified as controllable costs and non-controllable costs. What is a controllable cost?a)A cost which cannot be influenced by the action of a specified member of an undertakingb)A cost which can be influenced by the action of a specified member of an undertakingc)A cost which remains fixed in total amount with changes in the level of activity or volume of productiond)A cost which varies in direct proportion to the volume of outputCorrect answer is option 'B'. Can you explain this answer? has been provided alongside types of According to the cost classification by controllability, costs can be classified as controllable costs and non-controllable costs. What is a controllable cost?a)A cost which cannot be influenced by the action of a specified member of an undertakingb)A cost which can be influenced by the action of a specified member of an undertakingc)A cost which remains fixed in total amount with changes in the level of activity or volume of productiond)A cost which varies in direct proportion to the volume of outputCorrect answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice According to the cost classification by controllability, costs can be classified as controllable costs and non-controllable costs. What is a controllable cost?a)A cost which cannot be influenced by the action of a specified member of an undertakingb)A cost which can be influenced by the action of a specified member of an undertakingc)A cost which remains fixed in total amount with changes in the level of activity or volume of productiond)A cost which varies in direct proportion to the volume of outputCorrect answer is option 'B'. Can you explain this answer? tests, examples and also practice B Com tests.
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