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Q. The responsibility centers, for control purposes, may be classified into _____ types.

Q. It may not be ______ to measure exactly the output of service departments in an organization.

Q. What are the various methods of estimating cash?

Q. Permanent working capital ___

Q. A Company’s Quick Ratio is 1.5 : 1; Current Liabilities are ₹2,00,000 and Inventory is ₹1,80,000. Current Ratio will be :

Q. XYZ factory working for 50 hours per week employs hundred workers on a job work. The standard output is 200 units per gang hour and standard rate is Rs 1 per hour. During a week in June, five employees were paid @ Rs 1.20 per hour and ten employees were paid @ 80 paise per hour. Rest of the employees were paid @ standard hour rate. The actual number of units produced was 10,200. Determine labour cost variance

Q. Budgetary control __________ replace management in decision‐making.

Q. In ‘make or buy’ decision, it is profitable to buy from outside only when the supplier’s price is below the firm’s own ___________.

Q. When the actual cost is less than the standard cost, the difference is termed as

Q. A budget specifies the operations to be performed during the next year is called __________