Q2071
With reference to the theory of contribution, which of the following statement is/are correct? 1. Contribution is the excess of sales over variable costs 2. Contribution is the excess of sales over total costs Select the correct answer:
A.
Only 1
AnswerB.
Only 2
C.
Both 1 and 2
D.
Neither 1 nor 2
Answer: Option A
Solution
Answer: Option A
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