Statement I: Margin of safety represents the difference between the sales at break-even point and the total sales. Statement II: Margin safety can be expressed as a percentage of total sales or in value or in terms of qu
CS Executive · Cost and Management Accounting · PYQS · June 2017
Statement I: Margin of safety represents the difference between the sales at break-even point and the total sales. Statement II: Margin safety can be expressed as a percentage of total sales or in value or in terms of quantity. Codes:
Answer & Explanation:
Correct Answer: Option (C)
Official answer key: (C).
Topics: Marginal Costing
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