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Standard VIII
Mathematics
Prices / Charges Related to Buying and Selling
Question

Absorption costing is closely related to which of the following cost elements?
  1. Total cost
  2. Direct labour
  3. Machine
  4. Overheads

A
Direct labour
B
Overheads
C
Machine
D
Total cost
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Solution
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Absorption costing is closely related to overhead expenses.

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