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Q. Fixed cost Rs. 2,00,000; Sales Rs. 8,00,000; P/V Ratio 30%; the amount of' profit is .

Q. Indirect material scrap is adjusted along with .

Q. A fixed budget is prepared for only .

Q. What type of budget is designed to take into account forecast change in costs, prices, etc?

Q. ………is a technique of material cost control which leads to low carrying cost as a result of low investment in inventory

Q. The budget prepared for replacement of assets, expansion of production facilities, adoption of new technologies etc. is .

Q. Perpetual inventory system involves .

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

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

Q. Wages paid to a labour who was engaged in production activities can be termed as.