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Q. The excess of sales over variable cost is known as ………………

Q. The most important budget having primary importance is called

Q. The finished product of last process is transferred to ……………… a/c

Q. Work in the process of completion

Q. Marginal costing is a…………of costing

Q. ……………. is a budget starts from zero

Q. A………… is useful only when the actual level of activity corresponds to the budgeted level of activity

Q. The process A/c is credited with

Q. The additional cost of producing an additional unit is called ……….

Q. Marginal costing and …………analysis helps in decision making