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![]() Related Questions Latest Answer : Costs are bifurcated into 2, Fixed cost and variable cost. In fact the third category also exist which is Semi variable cost.Fixed costs are those costs which do not vary with the production level. Like rent of factory, water bill (if water is not related ... Read Answers (2) | Asked by : varghese Latest Answer : Margin of safety is the difference between Actual Sales and Sales at Break Even Point. The Higher is the margin of safety, the better is for the organisation.MARGIN OF SAFETY: ACTUAL SALES - BREAK EVEN SALES.MARGIN OF SAFETY: PROFIT /P/V RATIO. ... Read Answers (1) | Asked by : Vaishnavi Latest Answer : The double entry book keeping system that is followed world over has classified the accounts into two categories: Personal Accounts and Non-personal Accounts.Personal accounts are those accounts which belong to either single person or group of persons. ... Explain the process of cost reporting What is the meaning Contribution Margin ? How is use ? etc Latest Answer : In cost accounting the concept of Contribution exist. Costs are bifurcated into Fixed and Variable. Equation is simple: fixed cost + variable cost + profit = sale pricein short sale price - variable cost = fixed cost + profitThis "Fixed cost + profit" ... What is margin of safety (MOS)? Latest Answer : Margin of Safety refers the excess of actual sales over the Break even sales. This is usually indicated in percentage. Formula for MOS is (Actal Sales-Break even sales)*100/Break even sales ...
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