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CIMAPRA17-BA2-1 Exam - Topic 4 Question 109 Discussion

Actual exam question for CIMA's CIMAPRA17-BA2-1 exam
Question #: 109
Topic #: 4
[All CIMAPRA17-BA2-1 Questions]

When compiling profit statement using a marginal costing system we must calculate the contribution. Once we have the contribution, we must deduct a specific amount to calculate the profit. Which of these values should we NOT deduct? (Select ALL that apply.)

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Suggested Answer: B, C

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Catherin
16 days ago
I think we definitely need to deduct fixed costs to find the profit, but I'm not sure about the selling price.
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