In a product mix decision, which is the most important factor to consider in order to try to maximize profit?

Related MCQs

• The P/V ratio of a product is 0.4 and the selling price is Rs. 40 per unit. The marginal cost of the product would be,
• The most important element of cost is:
• Type of accounting which measures, reports and analyse non-financial and financial information to help in decision making is called:
• Which of the following costs is relevant in decision-making?
• The basic decision rule on acceptance of special contracts is:
• Decision-marking concerns with:
• In two consecutive periods, sales and profit were Rs. 1,60,000 and Rs. 8,000 respectively in the first period and Rs. 1,80,000 and Rs. 14,000 respectively during the second period. If there is no change in fixed cost between the two periods, the PV ratio must be:
• In comparing a fixed budget with a flexible budget, what is the reason for the difference between the profit figures in the two budgets?
• A budget that gives a summary of all the functional budgets and projected Profit and Loss A/c is known as
• When there are no opening or closing stocks, profit under marginal costing will be