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Q. The budget is a .

Q. ……………….obviates the necessity for the physical checking of all items of stores at the end of the year and thereby avoids dislocation ofproduction.

Q. .........................Accounting is not only a positive science but also a normative science because it includes techniques of budgetary controland standard costing.

Q. Prime cost includes.

Q. What type of budget is designed to take into account forecast change in costs, prices, etc?

Q. Imputed cost is a .

Q. ……….budget gives differentbudgeted costs for different levels of activity.

Q. An increase in selling price .

Q. Indirect material used in production is classified as.

Q. Actual sales Rs .4,00,000; Break-even sales Rs. 2,50,000; Margin of Safety in percentage is _.