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

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

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

Q. Selling and distribution expenses can be charged on the basis of .

Q. Funds flow statement is based on the .

Q. Equivalent units represent the production of a process in terms of…..units.

Q. Fixed cost per unit................................... with increase in output.

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

Q. P/V Ratio is an indicator of .

Q. The budget prepared for replacement of assets, expansion of production facilities, adoption of new technologies etc. is .