problem 1:

What do you mean by marginal costing? What are its merits and demerits?

problem 2:

Describe the concept of contribution. How it associated to profits?

problem 3:

How are variable and fixed costs treated in the marginal costing?

problem 4:

Illustrate PN ratio and Margin of Safety? Describe their uses.

problem 5:

Illustrate the term profit planning? Draw a break-even chart.

problem 6:

Describe the practical uses of the marginal costing.

problem 7:

Define the term marginal costing. Is it possible or desirable at times to decrease selling price below total cost. If yes, narrate the conditions wanting such action.