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Q. Responsibility Centre can be categorised into ___________.

Q. According to ________ working capital refers to the company’s total investment in current assets.

Q. In responsibility cost accounting the costs in focus are

Q. The ratio which depicts the relationship between two items, one of which is drawn from the Balance Sheet and the other from the revenue account

Q. If selling price is fixed 25% above the cost, the Gross Profit Ratio is

Q. The ratio of current asset to current liability is known as --------------

Q. A Company has a material standard of 1 kg. per unit of output. Each kg. has a standard price of Rs.25 per kg. Company paid Rs.1,27,500 for 5000 kg., which they used to produce 4,700 units. What is the direct material price variance?

Q. The statement of changes in financial position prepared to determine only the sources and uses of working capital between two dates of balance sheet is known as __________.

Q. Hirer is entitled to claim ___________.

Q. The budget that summarize future plans for acquisition of plant facilities and equipment is the