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Q. Which of the following are the assumptions of marginal costing? 1) All the elements of cost can be divided into fixed and variable components. 2) Total fixed cost remains constant at all levels of output. 3) Total variable costs vary in proportion to the volume of output. 4) Per unit selling price remain unchanged at all levels of operating activity.

Q. _______ is designed after assessment of the volume of output to be produced during budget period.

Q. Marginal cost is computed as

Q. Which of the following falls under Profitability Ratios? A) General Profitability ratios B) Overall Profitability ratios C) Comprehensive Profitability ratios

Q. Which of the following are tools of management accounting? A) Decision accounting B) Standard costing C) Budgetary control D) Human Resources Accounting

Q. For calculating trend percentages any year is selected as:

Q. Uncontrollable costs are the costs which be influenced by the action of a specified member of an undertaking. -

Q. Contribution margin center is also known as

Q. A profit centre is a centre ___________.