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Q. Materials purchase budget is prepared on the basis of .

Q. Variable costs change..................................with change in output.

Q. Multiple costing is a technique of using two or more costing methods for ascertainment of cost by.

Q. Material control involves .

Q. …….is a budget which is updated continuously by adding a further period (a month/quarter) and deducting a corresponding earlierperiod.

Q. All those liabilities which are payable in cash in the normal course of business within a period of one year are called _.

Q. An input of 5000kg of material introduced into the process and the expected loss is 8% and if the actual output from the process is 4300, the abnormal loss is................. kg

Q. The budget which reviews a programme or project from ‘scratch’ is

Q. Which of the following is usually a long-term budget?.

Q. Cost accounting was developed because of the .