Match the following List-I with List-II : List-I (P) Profit earned (Q) Classification of costs into fixed and variable costs (R) Both fixed and variable costs are charged to product (S) Sum of fixed cost and profit List-
CS Executive · Corporate and Management Accounting · PYQS · December 2019
Match the following List-I with List-II : List-I (P) Profit earned (Q) Classification of costs into fixed and variable costs (R) Both fixed and variable costs are charged to product (S) Sum of fixed cost and profit List-II (1) Contribution (2) Margin of Safety × P/V Ratio (3) Marginal Costing (4) Absorption Costing Select the correct answer from the options given below :
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Cost Accounting
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