Teaching Accountancy Cost Accounting Question Bank MCQ - Cost Accounting

  • question_answer
    Which of the following statements is not correct?

    A)  P/V ratio can be improved by reducing fixed cost

    B)  Contribution is also known as gross margin

    C)  P/V ratio can be improved by increasing the selling price

    D)  Margin of safety can be improved by reducing fixed cost

    Correct Answer: B


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