The set of all the occurrences that may happen in near future or in any other fixed time are called __________?
Correct answer: D. events
- A. actions
- B. distribution
- C. outcome
- D. events
Explanation
An event is an occurrence that may happen at a future or specified time. An outcome is the result of an event, not the complete set of possible occurrences.
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About Cost Accounting
Cost accounting measures and analyses the cost of producing goods or providing services for planning, control and pricing decisions. It covers direct and indirect costs, fixed and variable costs, job and process costing, break-even analysis, marginal costing, overhead allocation, and the difference between product cost and period cost.
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The formula to calculate the contribution margin is ___________?
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