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Subject - Accounting:

Financial Accounting

MCQ - 169-171

Question:

Contribution margin contributes to meet which one of the following options? Select correct option:

  1. Variable cost
  2. Fixed cost
  3. Operating cost
  4. Fixed cost

Correct Answer: B

Explanation:

Contribution margin contributes to meet the fixed cost. Once the fixed cost has been met the incremental contribution margin is the profit. Income Statement as per the marginal costing system is used as a Standard format of Income Statement to analyze the Cost-Volume-Profit relationship.Contribution margin contributes to meet the fixed cost. Once the fixed cost has been met the incremental contribution margin is the profit. Income Statement as per the marginal costing system is used as a Standard format of Income Statement to analyze the Cost-Volume-Profit relationship.

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355 MCQ for effective preparation of the test of Financial Accounting of Accounting section.

Read the MCQ statement: Contribution margin contributes to meet which one of the following options? Select correct option: , keenly and apply the method you have learn through the video lessons for Financial Accounting to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 169-171.

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Solve the question for MCQ No. and decide which option (A through D/E) is the best choice to answer the MCQ, then click/tap the blue button to view the correct answer and it explanation.

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