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Q. Period for which budget is prepared is called

Q. The angle formed at the intersection of sales line and variable cost line is called

Q. ……….. is the portion of work certified not paid by the contractee till completion of the work

Q. Profit on incomplete contract is known as ,………..

Q. In ………… costing no distinction is made between direct and indirect materials

Q. ……………. is the most important budget

Q. The most important budget having primary importance is called

Q. When the competition stage of a contract is less than ¼ , the total expenditure on the contract is transferred to ………… account

Q. ……………. is the budget incorporating all the components functional budgets

Q. Contribution margin is also known as