Marginal Costing

Marginal cost is _____ cost.

• Fixed

• Variable

• Semi-Variable

• Stepped

Marginal costing is a _____ of costing.

• step

• method

• technique

• process

Contribution is fixed cost + _____.

• sales

• variable

• profit

• margin of safety

BEP is a point where there,s no _____ no _____.

• fixed cost, variable cost

• profit, loss

• sales, contribution

• none of the above

_____ is excess of actual sales over break even sales.

• Contribution

• Desired Sales

• Margin of Safety Sales

• Profit

Under marginal costing inventory is valued at _____.

• Total Cost

• Fixed Cost

• Direct Cost

• Variable Cost

Profit is excess of _____ over fixed cost.

• Sales

• Variable Cost

• Contribution

• Loss

_________ is the difference between actual sales and Break Even sales.

• Contribution

• Margins of Safety

• Profit Volume

• Profit

Contribution is excess of sales over _____.

• Variable Cost

• Fixed Cost

• Profit

• Loss

An increase in sales price of a product _______

• does not affect the break-even point

• lowers the net profit

• increases the break-even point

• lowers the break-even point