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Q. …………does not form part of production.

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

Q. If fixed costs decrease while the variable cost per unit remains constant, the new contribution margin in relation to the old contribution margin will be .

Q. . Turnover ratio is also known as .

Q. Warehouse rent is a part of .

Q. Material consumed is Rs. 5,00,000 Opening stock of raw material is Rs. 50,000 and Closing stock of raw material is Rs. 25,000. What is the cost of raw material purchased?

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

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

Q. ABC analysis is .

Q. Long-term budgets are prepared for .