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Q. Where actual loss in a process is less than the anticipated loss , the difference b/w the two is considered to be …………..

Q. ………… is the act of building budgets

Q. Where raw material is to pass certain stages before it is converted into finished goods, the method of costing used is ……………………

Q. Select suitable examples for batch costing

Q. Marginal costing is a technique of

Q. Provision for increase in the contract price to accommodate increase in material and labour cost

Q. ……………..budget provides information about the materials to be acquired from the market

Q. During the recession period, the profits of a firm will decrease at a much slower rate whose P/V ratio is,

Q. In which type of contract, the contractee agrees to pay the cost of work done plus a percentage of overhead and profit

Q. Profit planning is possible with…………costing