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Q. Budgeting system…................ key managerial functions.

Q. The budget is a .

Q. …..arises where the actual process loss is less than the normal predetermined process loss.

Q. Operation budgets normally cover a period of .

Q. The ratio establishes the relationship between profit before interest and tax and fixed interest charges is.

Q. Principle’ for preparation of working capital statement -Decrease in current Liability .

Q. Break - even point occurs at 40% of` total capacity, margin of safety will be .

Q. Multiple costing is a technique of using two or more costing methods for ascertainment of cost by.

Q. Re-ordering level = ........................................X Maximum re-order period

Q. Process costing is suitable for .