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Q. In production budget closing stock is added with .

Q. If the P/V Ratio of a product is 30% and selling price is Rs. 25 per unit, the marginal cost of the product would be .

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

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

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

Q. A fixed budget is prepared for only .

Q. Labour budget is a part of .

Q. Basic objectives of cost accounting is .

Q. Defectives are that portion of production which can be.............................at some extra cost of re-operation.

Q. Period costs are .