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Q. The responsibility accounting is a system by which the responsibility is assigned to the concerned persons -

Q. To get to labour efficiency variance, the formula to be applied is

Q. ________ is the first step of budgetary system and all other budgets depends on it.

Q. Managers utilizes marginal costing for

Q. The formula to estimate Labour Mix variance is

Q. Budgetary control facilitates easy introduction of the -

Q. Long Term Solvency is indicated by:

Q. Which of the following statements are true? (a) Marginal costing is not an independent system of costing. (b) In marginal costing all elements of cost are divided into fixed and variable components. (c) In marginal costing fixed costs are treated as product cost. (d) Marginal costing is not a technique of cost analysis.

Q. The Capital used for meeting routine and repetitive expenses of day to day business operations is called____.

Q. Abnormal cost is the cost ___________.