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Question

In service costing, fixed charges are also called as ___________.

A
Standing charges
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B
Variable charges
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C
Fixed charges
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D
None of these
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Solution

The correct option is A Standing charges
To ascertain the operating cost, costs may be defined as standing charges or fixed charges and the running charges. In case of transport industry, salary of driver is considered as standing charges but the cost of fuel is an example of running charges.

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