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Q. ……….represents that quantity of material which is normally ordered when a particular material reaches reordering level.

Q. An increase in variable costs .

Q. The method of costing applied in biscuit industries is...................costing and in steel industry…............. costing.

Q. Scrap is .

Q. In electricity supply company uses ...................... as cost unit.

Q. Budgeting system…................ key managerial functions.

Q. The entire process of preparing the budgets is known as .

Q. Re-ordering level = ........................................X Maximum re-order period

Q. Cost of sales plus profit is .

Q. Principle’ for preparation of working capital statement -Increase in current liability .