Statement-I : Margin of safety represents the difference between sales at break-even point and total sales. Statement-II : Margin of safety can be expressed as a percentage of total sales or in value or in terms of quant
CS Executive · Cost and Management Accounting · PYQS · December 2015
Statement-I : Margin of safety represents the difference between sales at break-even point and total sales. Statement-II : Margin of safety can be expressed as a percentage of total sales or in value or in terms of quantity. Select the correct answer from the options given below —
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: Marginal Costing
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