Reduced cost isSelect one:a. Non-zero for basic variable and zero for non-basic variableb. Zero for basic variable and non-zero for non-basic variablec. Zero for both basic and non-basic variabled. Non-zero for both basic and non-basic variable

A basic feasible solution is called.................. if the value of at least one basic variable is zero

Fill in the Blank QuestionFill in the blank question.A cost includes both fixed and variable components.

Choose the term that most appropriately completes the following statements: Blank 1 are costs that can be easily or physically traced to a particular cost object.Direct material and direct labour are combined to form Blank 2Blank 3 is a cost that varies, in total, in direct proportion to changes in the level of activity or volume.Fixed costs per unit will Blank 4 when the level of activity increases.Semi-variable costs include an amount that is fixed within a relevant range of output and an amount that varies Blank 5 with output changes.Blank 6 is a cost that remains constant, in total, regardless of changes in the level of activity within the relevant range.Blank 7 are potential benefit that is given up when one alternative is selected over another.Blank 8 are cost that have already been incurred as a result of past decision and have a zero value when making future decisions.Blank 9 are those costs that are identified with products manufactured.Direct labour and manufacturing overheads are combined to form Blank 10 , which represent the cost of converting direct material into finished products.

Which is an example of a variable cost?

When preparing a flexible budget Blank______.Multiple choice question.both variable and fixed costs change based on activityboth variable and fixed costs remain constantvariable costs change based on activity and fixed costs remain constantfixed costs change based on activity and variable costs remain constant