Match List I with List II
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List I (Type of Costing) |
List II (Description) |
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| A. | Marginal Costing | 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. |
| B. | ABC Costing | 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. |
| C. | Target Costing | III. | Used when identical units are produced through an on-going series of production steps. |
| D. | Process Costing | IV. | Costing system in which costs being with tracing of activities and then to producing the product. |
Choose the correct answer from the options given below:
1
A - II, B - IV, C - I, D - III
2
A - I, B - IV, C - III, D - II
3
A - II, B - III, C - IV, D - I
4
A - I, B III, C - II, D - IV