Which one of the following statements concerning marginal costing is NOT true? ...
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Accounting
Which one of the following statements concerning marginal costing is NOT true? A Contribution is calculated as sales revenue minus fixed cost of sales. B Marginal cost is the cost of a unit which would not be incurred if that unit were not produced. C Marginal costing is an alternative method of costing to absorption costing. D Fixed costs are treated as a period cost and are charged in full to the income statement of the accounting period in which they are incurred.
Which one of the following statements concerning marginal costing is NOT true?
A
Contribution is calculated as sales revenue minus fixed cost of sales.
B
Marginal cost is the cost of a unit which would not be incurred if that unit were not produced.
C
Marginal costing is an alternative method of costing to absorption costing.
D
Fixed costs are treated as a period cost and are charged in full to the income statement of the accounting period in which they are incurred.
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