Which of the following statements related to Contribution Analysis are ture?

Related MCQs

• Which of the following are techniques, tools or methods of analysis and interpretation of financial statements?
• Which of the following are techniques, tools or methods of analysis and interpretation of financial statements?
• Which of the following statements are true? (a) Marginal costing is not an independent system of costing. (b) In marginal costing all elements of cost are divided into fixed and variable components. (c) In marginal costing fixed costs are treated as product cost. (d) Marginal costing is not a technique of cost analysis.
• Which of the following statements are false about management accounting? (i) Management accounting is concerned with historical events. (ii) Management accounting is related only with such instances which can be expressed in monetary terms. (iii) Management accounting is a part of Financial Management (iv) Management accounting information can be disclosed to outsiders.
• Vertical analysis is made to review and analyze the financial statements of -----------------accounting period.
• External analysis is based on ------------- financial statements
• When financial statements for a number of years are reviewed and analyzed, the analysis is known as ---------------------
• A department makes a product whose contribution per unit is £1,000, and which takes 20 hours machine time. A component used in this product with a marginal cost of £300 (taking 5 hours of machine time) could be purchased from an external supplier. The department is working at full capacity. What is the maximum price that the company may pay to buy the component from an external supplier?
• At Break even point,Contribution is equal to .
• Fixed cost=8000,Profit=5600 .Calculate Contribution.