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Q. Material requisition is meant for .

Q. JIT inventory system is .

Q. .......................Under marginal costing, …………… costs are treated as period costs and charged to profit and loss account for the period for which they are incured.

Q. Inventory or stock turnover ratio is also called .

Q. Stock control through stock levels and EOQ is called .

Q. The budget prepared to estimate expenditure to be incurred to sell the product and its distribution is .

Q. ………………forms part of cost of production.

Q. The cost which is to be incurred even when a business unit is closed is a.

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

Q. Sales budget is a .