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The profit at the level of existing sales is computed as

A. Sales - (Fixed cost + Variable cost)

B. Sales + (Fixed cost + Variable cost)

C. Sales - Variable cost

D. Sales - Fixed cost

Related Questions on Management Accounting Test Questions

Time value of money indicates that

A. A unit of money obtained today is worth more than a unit of money obtained in future

B. A unit of money obtained today is worth less than a unit of money obtained in future

C. There is no difference in the value of money obtained today and tomorrow

D. None of the above