Marginal Costing

Ashashi

Hey, I know how to do these, but a quick question, I don't use the formula on the marking schemes, I use my own method :

Sales-Variable Costs-Fixed Costs= Nety Profit.

Now it works, and I get the right answers, but will they mark me down for not using the formulas in the marking schemes? Kinda of worried now, cause it is 2 hours before the exam.... :rolleyes:

EuropeanSon

If the question asks you to get a figure, and you get the figure, then you get the marks. Unless you are specifically told to do an account, or use a method.

EvilLlamaThingy

I use that formula and my teacher says it's perfect. So don't worry

Stryderman

If your on about the contribution then you should be fine as its the the same thing as SP-VC anyway?

Ashashi

EvilLlamaThingy wrote: »

I use that formula and my teacher says it's perfect. So don't worry

Brilliant, let's hope it comes up now

Eire-Dearg

I use your formula too, nothing wrong with it.

Still trying to figure out when you have to use a new VC and how you get it though!