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Q. Which of the following is not likely to be a reason of unfavourable direct labour efficiency variance?

Q. The success of budgetary control system depends upon the willing cooperation of…

Q. Which matters are taken into consideration while preparing production budget ?

Q. Budgetary control facilitates easy introduction of the -

Q. The ratio which depicts the relationship between two items, one of which is drawn from the Balance Sheet and the other from the revenue account

Q. The statement of changes in financial position prepared to determine only the sources and uses of working capital between two dates of balance sheet is known as __________.

Q. Which of the following is not a cash inflow?

Q. A department makes a product whose contribution per unit is £1,000, and which takes 20 hours machine time. A component used in this product with a marginal cost of £300 (taking 5 hours of machine time) could be purchased from an external supplier. The department is working at full capacity. What is the maximum price that the company may pay to buy the component from an external supplier?

Q. A budget which is prepared in a manner so as to give the budgeted cost for any level of activity is known as -

Q. Which of the following statements are true?