Complete the contribution line
Exercise and reference answers
- Missing parts
- Answer
- minus
- Choices
- plus
- minus
- times
- Answer
- minus
- Choices
- plus
- minus
- over
- Answer
- fixed
- Choices
- variable
- fixed
- direct
- Complete the statement
- Contribution = Sales revenue {0} total variable cost. Profit = Contribution {1} {2} cost.
- Instructions
- Tap a term into each blank to finish the two equations.
Explanation
_Source: ICAI CA Inter Cost and Management Accounting, Ch14 'Marginal Costing', 14.7.1_