BANK SEBI Grade A Phase 1 & Phase 2 Mock Test 2024 Accounting and Auditing Cost and Management Accounting
In Single Output/Unit Costing, which of the following is most critical for accurately determining the cost per unit in a production process where output is homogeneous and continuous?
1
Allocation of fixed costs based on production capacity
2
Accurate measurement of direct labor hours for each batch
3
Precise calculation of variable costs per unit
4
Comprehensive allocation of indirect costs
5
Use of historical cost data for future cost prediction