Match the following: List-I List-II P. Absorption costing 1. Is a logical extension of marginal costing Q. Fixed expenses 2. Relationship of change in cost and change in profit R. Marginal costing 3. Contribution = _____

CS Executive · Cost and Management Accounting · PYQS · December 2015
Match the following: List-I List-II P. Absorption costing 1. Is a logical extension of marginal costing Q. Fixed expenses 2. Relationship of change in cost and change in profit R. Marginal costing 3. Contribution = _______ + Profit S. Break-even analysis 4. Uses classification of costs according to their functions Select the correct answer from the options given below — P Q R S
(A) 4 3 2 1
(B) 2 1 4 3
(C) 3 2 4 1
(D) 4 3 1 2

Answer & Explanation:

Correct Answer: Option (A)

Official answer key: (A).

Topics: Cost Accounting Concepts

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