Match the following.
List-I | List-II |
a. Excess of actual sales over the break-even sales volume | 1. Contribution |
b. Sum of fixed cost and profit | 2. Cost volume profit analysis |
c. Break-even chart | 3. Unaffected by change in output |
d. Break-even point | 4. Margin of safety |
A. a-4, b-1, c-2, d-3
B. a-4, b-3, c-2, d-1
C. a-4, b-3, c-1, d-2
D. a-3, b-1, c-4, d-2
Answer: Option A
Related Questions on Costing
Basic objective of cost accounting is ________
A. tax compliance.
B. financial audit.
C. cost ascertainment.
D. profit analysis.
Process costing is suitable for ________.
A. hospitals
B. oil refing firms
C. transport firms
D. brick laying firms
The cost which is to be incurred even when a business unit is closed is a _____.
A. imputed cost
B. historical cost
C. sunk cost
D. shutdown cost
Join The Discussion