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Q. Material budget consists of two parts, one is the consumption budget and another Is .

Q. An input of 5000kg of material introduced into the process and the expected loss is 8% and if the actual output from the process is 4300, the abnormal loss is................. kg

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

Q. If the P/V Ratio of a product is 30% and selling price is Rs. 25 per unit, the marginal cost of the product would be .

Q. .........................Accounting is not only a positive science but also a normative science because it includes techniques of budgetary controland standard costing.

Q. When actual loss is..........................than the estimated loss, the difference between the two is considered to be abnormal loss.

Q. Counting house salary is part of .

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. Break - even point occurs at 40% of` total capacity, margin of safety will be .

Q. Multiple costing is a technique of using two or more costing methods for ascertainment of cost by.