alleryStart learning →The growth of which industries made fixed costs more important by the late nineteenth century?
AHandicrafts and trade
BFarming and fishing
CBanking and insurance
DRailroads and steel
Answer & Solution
Correct answer: D. Railroads and steel
Large-scale railroads, steel and manufacturing made fixed costs often exceed a product's variable cost.
Keep practising Cost Accounting
Browse all Cost Accounting questions for CA Final, or explore more Cost and Management Accounting topics.
Related questions
US regulations test an arm's length range using which measure?Which is a recognised transfer pricing method?Resale price is Rs 1,200 and the distributor's gross margin is 20% of resale price. TransfCost of a transferred item is Rs 800 and the cost-plus markup is 25% on cost. Transfer priThe balanced scorecard was originally designed mainly forThe Analog Devices scorecard was created by Art Schneiderman inCustomer retention rate fits which scorecard perspective?Hours of staff training per year fit which scorecard perspective?