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Q. Management accounting is helpful in increasing _______________

Q. The term standard cost refers to the:

Q. Idle time variance arises when

Q. Ratios may be used as a measure of -------------

Q. __________ is a situation in which actual profits of a company are not sufficient enough to pay interest on debentures, on loans and pay dividends on shares over a period of time?

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. The budget which commonly takes the form of budgeted Profit and Loss Account and Balance Sheet is

Q. Which of the following are the assumptions of marginal costing? 1) All the elements of cost can be divided into fixed and variable components. 2) Total fixed cost remains constant at all levels of output. 3) Total variable costs vary in proportion to the volume of output. 4) Per unit selling price remain unchanged at all levels of operating activity.

Q. Which of the following statements are true about responsibility accounting?

Q. Cost accounting