Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Does not need explanation in abcd format Another name for 'Contribution' is? Select one: O a. Marginal Income O b. Gross Profit O C. Net

Does not need explanation in abcd format

Another name for 'Contribution' is?

Select one:

O a. Marginal Income

O b. Gross Profit

O C. Net Income

O d. None of the above

Under absorption costing, managerial decisions are based on

Select one:

a. Profit

O b. Contribution

c. Profit volume ratio

d. Sales

Running Charges are actually

Select one:

a. Semi variable Cost

b, Variable Cost

c. Fixed Cost

d Efficiency based Cost

If the total monthly operating cost of a vehicle is Rs.2,400 and per kilometer cost is Rs.0.03 then distance covered by vehicle in a year will be?

Select one:

a. 72 Km

O b. 80,000 Km

O c. 9,60,000 Km

d. 8,000 Km

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Accounting

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

18th Edition

1119790972, 9781119790976

More Books

Students also viewed these Accounting questions

Question

Learn about the labor context in Canada and Quebec.

Answered: 1 week ago