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Q. Under marginal costing, stocks of finished goods and work-in-process are valued at …………….. costs only

Q. One of the most important tools of cost planning is .

Q. Sales budget is a .

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

Q. The budget which usually takes the form of budgeted profit and loss account and balance sheet is known as

Q. Margin of Safety is the difference between .

Q. Boiler house costing is an example of..........................costing

Q. …………..budget is designed to remain unchanged irrespective of the volume of output or turnover attained.

Q. …………is a summary of all function budgets in a Capsule form.

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