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Q. Equivalent units represent the production of a process in terms of…..units.

Q. In production budget opening stock is deducted with .

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

Q. ……………….is used primarily for control of spare parts.

Q. Operating costing is suitable for .

Q. ……….budget gives differentbudgeted costs for different levels of activity.

Q. The budget which reviews a programme or project from ‘scratch’ is

Q. Warehouse rent is a part of .

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

Q. Re-ordering level = ........................................X Maximum re-order period