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Answer Posted / ramu
variable cost depends upon the production means it will
change according to the production of no of units. if the
production of units will increase the cost will be
increased, if the production of units will decrease the
cost will be decreased. it is in fluctuate in nature.
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A crushing unit blasted 1650Mts in the month of March 2009. The rate of Royalty to be paid is rs 35/- Per MT. Advance royalty was paid rs 250000/- on 1-3-2009. pass journal entries from the advance royalty
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