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Q. Direct expenses are also called .

Q. Principle’ for preparation of working capital statement -Decrease in current Liability .

Q. Factory overhead can be charged on the basis of -.

Q. Direct cost incurred can be identified with .

Q. Selling price per unit Rs. 10; Variable cost Rs. 8 per unit; Fixed cost Rs. 20,000; Break-even production in units .

Q. Average method of pricing the material issues is useful when .

Q. The method of costing applied in biscuit industries is...................costing and in steel industry…............. costing.

Q. Contribution margin is equal to .

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