B.Com (General) Semester 6 (TYBcom) - University of Mumbai Question Bank Solutions

State whether the following statement is True or False :
P/V Ratio `="Change in Profits"/"Change in Sales"xx100`

State whether the following statement is True or False :
At break-even point, total cost exceeds total sales.

State whether the following statement is True or False :
Variable cost per unit is constant for any level of activity.

State whether the following statement is True or False :
Contribution is equal to Fixed Cost+ Profit.

State whether the following statement is True or False :
Marginal costing is a long-run technique of costing.

State whether the following statement is True or False :
Marginal costing is also known as Variable Costing.

State whether the following statement is True or False :
Break-even point is that point at 'Which there is either profit or loss.

Fill in the blank:
Marginal cost is also called as _________.

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The total of fixed cost and profit is called as_________.

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At the break-even point, total sales revenue will be equal to ________.

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The difference between selling price and variable cost is called________.

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If fixed cost is greater than contribution, the excess is known as _______.

Fill in the blank:
Contribution = Sales (-) __________.

Fill in the blank:
In cost accounting, marginal costing does not include ______ cost.

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The difference between actual sales and sales at break-even point is known as ______

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Marginal costing is also known as ___________ costing.

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Sales (-) Variable Cost is _________ 

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Fixed Cost = Total Cost ________.

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________ is the point at which organisation earns no profit or suffers no loss.

Match the Pairs :