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Q. Which of the following statements are true? (a) Marginal costing is not an independent system of costing. (b) In marginal costing all elements of cost are divided into fixed and variable components. (c) In marginal costing fixed costs are treated as product cost. (d) Marginal costing is not a technique of cost analysis.

Q. A positive (net) working capital will arise when current assets exceed _________.

Q. If sales is Rs 5, 00,000 and net profit is Rs 1, 20,000 Net Profit ratio is

Q. Which of the following would be consistent with an aggressive approach to financing working capital?

Q. Management accounting and financial accounting differ in that management accounting information is prepared

Q. XYZ factory working for 50 hours per week employs hundred workers on a job work. The standard output is 200 units per gang hour and standard rate is Rs 1 per hour. During a week in June, five employees were paid @ Rs 1.20 per hour and ten employees were paid @ 80 paise per hour. Rest of the employees were paid @ standard hour rate. The actual number of units produced was 10,200. Determine labour cost variance

Q. Determine B.E.P in units and amount if Units produced if Rs 10,000, Fixed cost is Rs 40,000, Selling price is Rs 50 per unit and Variable cost us Rs 30 per unit.

Q. Management accounting is also known as _______________

Q. ________ is the first step of budgetary system and all other budgets depends on it.