Assertion (A): The business earns a surplus of sale revenue over variable costs, which is called contribution. Reason (R): Once fixed costs are fully recovered such excess contribution is termed as profit. Select the cor
CS Executive · Cost and Management Accounting · PYQS · December 2015
Assertion (A): The business earns a surplus of sale revenue over variable costs, which is called contribution. Reason (R): Once fixed costs are fully recovered such excess contribution is termed as profit. Select the correct answer from the options given below —
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Marginal Costing
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