Question

SECTION-A
uswer ALL questions.
(1 mark
1. The margin of safety may be defined as
a. The point at which breakeven point sales are achieved
b. The excess of planned sales over the current actual sales
C. The extent to which sales revenue exceeds fixed costs
d. The difference between the planned sales and breakeven point sales
2. In cost accounting, the goal of variance analysis is to
a Control Variance
b. Efficiency Variance
c. Both (a) & (b)
d. Usage Variance
3. Margin of safety can be calculated using the formula -
a Total sales - Break-even sales
b. Fixed cost P/V ratio
C. PV ratio + Profit
d. Fixed cost + Contribution.
4. Prime cost plus work overhead
a Cost of production
b. Cost of sales
c. Factory cost
d. Direct cost
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Answer 1

Answer:

you're answer d

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