III Question 1 Not yet answered Marked out of 1.00 P Flag question The profit/volume ratio, also known as contribution/sales ratio (C/S ratio) expresses the relation of contribution to sales. Select one: True False Question 2 Not yet answered Marked out of 1.00 P Flag question According to Cost Accounting Standards of ICWA of India; "Cost is a measurement, in monetary terms, ofthe amount of resources used for the purpose of production of goods or rendering services". Select one: True O False