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Prime cost plus variable overheads is known as________.
- ACost of sales
- BProduction Cost
- CTotal Cost
- DMarginal cost
Correct answer: D
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CCommunity
Marginal cost
Prime cost plus variable overheads is known as Marginal cost. Marginal cost is the change in the total cost that arises when the quantity produced is incremented by one unit; that is, it is the cost of producing one more unit of a good.
Prime cost plus variable overheads is known as Marginal cost. Marginal cost is the change in the total cost that arises when the quantity produced is incremented by one unit; that is, it is the cost of producing one more unit of a good.