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Q. Material price, mix, usage and revised quantity variances are measured on _______ basis, whereas material yield variance is measured on _______ basis.

Q. ___________ is required to meet special exigencies such as launching of extensive marketing campaigns for conducting research.

Q. _______ is designed after assessment of the volume of output to be produced during budget period.

Q. ………………………Accounting is concerned with measurement of the cost and value of people for the organization.

Q. Budget period is the…

Q. Management accounting provides alternative choices for managerial ___________

Q. (A Company has a standard of 1 direct labor hour per unit at Rs.12 per hour. 3,850 labor hours costing Rs.46,970 were used to produce 4,000 units.) Company’s labor quantity variance is

Q. Net working capital refers to ___________.

Q. Which of the following does NOT describe management accounting?

Q. Profit for the objective of calculating a ratio may be taken as