At break even point, the
A) Fixed cost equal to the total sales value
B) Variable cost equal to the total sales value
C) Total cost equal to the total sales value
D) Variable cost equal to fixed cost
Correct Answer:
Verified
Q8: If the contract is almost complete, the
Q9: Job costing can be done in conjunction
Q10: In contract costing most of the items
Q11: When the completion stage of a contract
Q12: Contract testing is a basic method of
A)Specific
Q14: At break even point, the contribution equal
Q15: Break even chart depicts
A)Cost volume profit relationship
B)Relationship
Q16: Period costs means
A)Variable cost
B)Fixed cost
C)Prime cost
D)Direct cost
Q17: The valuation of stock, in marginal costing,
Q18: Contribution margin is also known as
A)Gross profit
B)Net
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