2.(a) Explain the following terms related to costing. (i) Fixed cost (ii) Variable cost (iii) Marginal cost (iv) Contribution (v) Break-even point

(b) Following information were extracted from a Printing organization related to the sale of Articles in a particular year. No of articles sold - 10,000 Selling price of an article - Rs. 30 per unit Variable cost - Rs. 18 per unit Fixed cost - Rs. 24,000 per year Calculate the following. (i) The profit of the business. (ii) Break-even point in terms of money value and in units. (iii) Margin of safety in terms of money value and in units