Match the following.

List-I List-II

a. Classification of costs into fixed and variable costs 1. Contribution

b. Difference between sales and variable costs 2. P/V ratio

c. Both fixed and variable costs are charged to product 3. Marginal costing

d. Relative profitability 4. Absorption costing

A) a-4, b-3, c-1, d-2 B) a-3, b-4, c-1, d-2 C) a-3, b-1, c-4, d-2 D) a-4, b-3, c-2, d-1

Answer & Solution

Correct Answer: Option C

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List-I	List-II
a. Classification of costs into fixed and variable costs	1. Contribution
b. Difference between sales and variable costs	2. P/V ratio
c. Both fixed and variable costs are charged to product	3. Marginal costing
d. Relative profitability	4. Absorption costing