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Q. ………. Is the increase or decrease in total cost which results from producing or selling additional or fewer units of a product or from a change in the method of production or distribution such as the use of improved machinery, addition or exclusion of a product or territory or selection of an additional sales channel.

Q. The ratio of contribution to ……………. Is called P/V ratio

Q. Increase in Accounts payable when compared to previous year results in …………….of working capital

Q. …………….assets are those which in the ordinary course of business can be converted into cash within a short period of time.

Q. cost driver for activities is called …………….

Q. Which of the following results in Increase of working capital ?

Q. .A cost centre is …………………

Q. The Profit/Volume ratio or marginal ratio expresses the relation of ………… to sales.

Q. ………………..is the technique and process of ascertaining costs

Q. Which of the following is not true?