Management Accounting Test Questions

Q.  Which of the following statements are true about P/V ratio?

a. P/V Ratio can never be used to measure break-even point
b. Higher the P/V ratio less will be the profit and vice versa
c. Concept of P/V ratio is also used to determine profit at a given volume of sales
d. All of the above

ANSWER: See Answer
No explanation is available for this question!