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Q. Under marginal costing, stocks of finished goods and work-in-process are valued at …………….. costs only

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

Q. …………cost is defined as the aggregate of variable costs or prime costs plus variable overheads.

Q. A centre where the manager is responsible for sales is …………..

Q. In case of a limited company, the term financial statements includes………

Q. …………statement shows changes in financial position and hence dynamic in nature

Q. Prime costs may be defined as

Q. The three basic elements of the cost of a manufactured product are:

Q. ……………..means excess of current assets over current liabilities.

Q. Observing changes in financial analysis across the years is ……………