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Q. Match the columns (i) Activity Ratio -------------------- i) (Actual hours worked / Budgeted hours) * 100 (ii) Capacity Ratio ------------------ ii) (Standard hours of actual production / Actual hours worked) * 100 (iii) Efficiency Ratio ----------------- iii) (Standard hours for actual output / Budgeted hours) * 100

Q. While preparing Cash Flow Statement, non-cash items and non-operating items are not required to be adjusted under________

Q. Management accounting and financial accounting differ in that management accounting information is prepared

Q. Budgetary control system defines the objectives and policies of the…

Q. In responsibility cost accounting the costs in focus are

Q. The form of balance sheet is

Q. To establish an effective system of standard costing it is essential that 1) The technical process of operation should be prone to planning 2) The cost of the products should be given 3) The process or operating costs of products should be provided 4) The standard costing should be consistent with the technical procedure of the production of the specific entity

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

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

Q. Sunk costs are __________.