{"id":57040,"date":"2024-04-16T00:55:10","date_gmt":"2024-04-16T00:55:10","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=57040"},"modified":"2024-04-16T00:55:10","modified_gmt":"2024-04-16T00:55:10","slug":"match-the-following-list-i-list-ii-a-marginal-cost-1-contribution-a%c2%b7-sales-b-p-v-ratio-2-contribution-selling-price-c-profit-3-sales","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/match-the-following-list-i-list-ii-a-marginal-cost-1-contribution-a%c2%b7-sales-b-p-v-ratio-2-contribution-selling-price-c-profit-3-sales\/","title":{"rendered":"Match the following. List-I List-II a. Marginal cost 1. . . . . . . . . = Contribution \u00c3\u00b7 Sales b. P\/V ratio 2. Contribution = Selling price &#8211; . . . . . . . . c. Profit 3. . . . . . . . . = Sales (1 &#8211; P\/V ratio) d. Variable costs 4. Margin of safety = . . . . . . . . \u00c3\u00b7 P\/V ratio"},"content":{"rendered":"<p>[amp_mcq option1=&#8221;a-4, b-3, c-2, d-1&#8243; option2=&#8221;a-3, b-1, c-4, d-2&#8243; option3=&#8221;a-2, b-1, c-4, d-3&#8243; option4=&#8221;a-2, b-3, c-4, d-1&#8243; correct=&#8221;option3&#8243;]<!--more--><\/p>\n<p>The correct answer is: C. a-2, b-1, c-4, d-3<\/p>\n<p>Here is a brief explanation of each option:<\/p>\n<ul>\n<li><strong>Marginal cost<\/strong> is the change in total cost that arises when the quantity produced changes by one unit. It is calculated by dividing the change in total cost by the change in quantity produced.<\/li>\n<li><strong>P\/V ratio<\/strong> is the ratio of contribution margin to sales. It is calculated by dividing contribution margin by sales.<\/li>\n<li><strong>Contribution<\/strong> is the amount of revenue that remains after variable costs have been deducted. It is calculated by subtracting variable costs from sales.<\/li>\n<li><strong>Profit<\/strong> is the amount of revenue that remains after all costs have been deducted. It is calculated by subtracting total costs from sales.<\/li>\n<\/ul>\n<p>The following is the solution to the matching exercise:<\/p>\n<p>List-I | List-II<br \/>\n&#8212;&#8212;- | &#8212;&#8212;&#8211;<br \/>\na. Marginal cost | 2. Contribution = Selling price &#8211; Variable costs<br \/>\nb. P\/V ratio | 1. Margin of safety = Sales \u00c3\u00b7 P\/V ratio<br \/>\nc. Profit | 3. Profit = Sales (1 &#8211; P\/V ratio)<br \/>\nd. Variable costs | 4. Contribution margin = Sales &#8211; Variable costs<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;a-4, b-3, c-2, d-1&#8243; option2=&#8221;a-3, b-1, c-4, d-2&#8243; option3=&#8221;a-2, b-1, c-4, d-3&#8243; option4=&#8221;a-2, b-3, c-4, d-1&#8243; correct=&#8221;option3&#8243;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[952],"tags":[],"class_list":["post-57040","post","type-post","status-publish","format-standard","hentry","category-costing","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Match the following. List-I List-II a. Marginal cost 1. . . . . . . . . = Contribution \u00c3\u00b7 Sales b. P\/V ratio 2. Contribution = Selling price - . . . . . . . . c. Profit 3. . . . . . . . . = Sales (1 - P\/V ratio) d. Variable costs 4. Margin of safety = . . . . . . . . \u00c3\u00b7 P\/V ratio<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/match-the-following-list-i-list-ii-a-marginal-cost-1-contribution-a\u00b7-sales-b-p-v-ratio-2-contribution-selling-price-c-profit-3-sales\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Match the following. List-I List-II a. Marginal cost 1. . . . . . . . . = Contribution \u00c3\u00b7 Sales b. P\/V ratio 2. Contribution = Selling price - . . . . . . . . c. Profit 3. . . . . . . . . = Sales (1 - P\/V ratio) d. Variable costs 4. Margin of safety = . . . . . . . . \u00c3\u00b7 P\/V ratio\" \/>\n<meta property=\"og:description\" content=\"[amp_mcq option1=&#8221;a-4, b-3, c-2, d-1&#8243; option2=&#8221;a-3, b-1, c-4, d-2&#8243; option3=&#8221;a-2, b-1, c-4, d-3&#8243; option4=&#8221;a-2, b-3, c-4, d-1&#8243; correct=&#8221;option3&#8243;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/mcq\/match-the-following-list-i-list-ii-a-marginal-cost-1-contribution-a\u00b7-sales-b-p-v-ratio-2-contribution-selling-price-c-profit-3-sales\/\" \/>\n<meta property=\"og:site_name\" content=\"MCQ and Quiz for Exams\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-16T00:55:10+00:00\" \/>\n<meta name=\"author\" content=\"rawan239\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rawan239\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Match the following. List-I List-II a. Marginal cost 1. . . . . . . . . = Contribution \u00c3\u00b7 Sales b. P\/V ratio 2. Contribution = Selling price - . . . . . . . . c. Profit 3. . . . . . . . . = Sales (1 - P\/V ratio) d. Variable costs 4. Margin of safety = . . . . . . . . \u00c3\u00b7 P\/V ratio","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/mcq\/match-the-following-list-i-list-ii-a-marginal-cost-1-contribution-a\u00b7-sales-b-p-v-ratio-2-contribution-selling-price-c-profit-3-sales\/","og_locale":"en_US","og_type":"article","og_title":"Match the following. List-I List-II a. Marginal cost 1. . . . . . . . . = Contribution \u00c3\u00b7 Sales b. P\/V ratio 2. Contribution = Selling price - . . . . . . . . c. Profit 3. . . . . . . . . = Sales (1 - P\/V ratio) d. Variable costs 4. Margin of safety = . . . . . . . . \u00c3\u00b7 P\/V ratio","og_description":"[amp_mcq option1=&#8221;a-4, b-3, c-2, d-1&#8243; option2=&#8221;a-3, b-1, c-4, d-2&#8243; option3=&#8221;a-2, b-1, c-4, d-3&#8243; option4=&#8221;a-2, b-3, c-4, d-1&#8243; correct=&#8221;option3&#8243;]","og_url":"https:\/\/exam.pscnotes.com\/mcq\/match-the-following-list-i-list-ii-a-marginal-cost-1-contribution-a\u00b7-sales-b-p-v-ratio-2-contribution-selling-price-c-profit-3-sales\/","og_site_name":"MCQ and Quiz for Exams","article_published_time":"2024-04-16T00:55:10+00:00","author":"rawan239","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rawan239","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/exam.pscnotes.com\/mcq\/match-the-following-list-i-list-ii-a-marginal-cost-1-contribution-a%c2%b7-sales-b-p-v-ratio-2-contribution-selling-price-c-profit-3-sales\/","url":"https:\/\/exam.pscnotes.com\/mcq\/match-the-following-list-i-list-ii-a-marginal-cost-1-contribution-a%c2%b7-sales-b-p-v-ratio-2-contribution-selling-price-c-profit-3-sales\/","name":"Match the following. 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