BANK SEBI Grade A Phase 1 & Phase 2 Mock Test 2024 Accounting and Auditing Cost and Management Accounting
Which of the following is NOT a characteristic of Marginal Costing?
1
Only variable costs are considered in product costing
2
Fixed costs are treated as period costs
3
Contribution margin is used to cover fixed costs and generate profit
4
Inventory is valued at total cost, including fixed costs
5
It helps in decision-making related to pricing and production levels