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Q. All those liabilities which are payable in cash in the normal course of business within a period of one year are called _.

Q. Selling price per unit Rs. 10; Variable cost Rs. 8 per unit; Fixed cost Rs. 20,000; Break-even production in units .

Q. Budget of indirect costs in the form of indirect wages, indirect material and indirect expenses in the factory is .

Q. The budget starts without any base is .

Q. Total of all direct costs is termed as .

Q. When actual loss is..........................than the estimated loss, the difference between the two is considered to be abnormal loss.

Q. Scrap is .

Q. One of the most important tools of cost planning is .

Q. P/V Ratio 50%; Variable cost of the produce Rs. 25; Selling price is .

Q. Factory overhead can be charged on the basis of -.