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Q. Show the Profit volume charts?
A variation of a break-even chart, representing graphically the relationship between profit &losses at different levels of sales volume achieved.
Profit volume chart is a summarisation of the break even chart, whereby line represents total profit (sales less all costs). When the line rises above horizontal axis it means that production is beginning to yield a profit, before this point it means that production is yielding a loss. Break-even point where no loss or profit is being made is where this profit line intersected horizontal axis
Which method of measuring costs associated with production is more widely used in practice A. Normal Costing B. Actual Costing C. Both are used equally D. Neither one
everything
explain the different methods of costing
given formula
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