Page 241 - DCOM302_MANAGEMENT_ACCOUNTING

Management Accounting

Notes 10. Taking suitable data construct a simple break-even chart and show the break-even point,
angle of incidence and margin of safety on the chart.
11. Does the marginal costing concept violate the generally accepted accounting principles?
Discuss.

Answers: Self Assessment

1. Traditional costing 2. fi xed cost

3. Marginal cost 4. variable overhead

5. fixed overhead 6. volume of sales
7. costs and revenues 8. profi t
9. P/V ratio 10. optimum level

11. zero profi t 12. sales
13. False 14. True
15. True

11.9 Further Readings

Books B.M. Lall Nigam and I.C. Jain, Cost Accounting, Prentice-Hall of India (P) Ltd.
Hilton, Maher and Selto, Cost Management, 2nd Edition, Tata McGraw-Hill
Publishing Company Ltd.

M.N. Arora, Cost and Management Accounting, 8th Edition, Vikas Publishing House
(P) Ltd.
M.P. Pandikumar, Management Accounting, Excel Books.

Online links www.allbusiness.com

www.internalaccounting.com

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