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Q. Defectives are that portion of production which can be.............................at some extra cost of re-operation.

Q. Contribution margin is also known as .

Q. The principle types of inventories are raw materials and ,…............and finished goods

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

Q. ................ costs are partly fixed and partly variable in relation to output.

Q. Tender is an.

Q. An increase in selling price .

Q. Preparing budget figures for different levels of activity within a range under flexible budgeting is .

Q. Sales Rs. 50,000; Variable cost Rs. 30,000; Net profit Rs. 6,000; fixed cost is .