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Q. Company has a material standard of 1.1 kg. per unit of output. Each kg. has a standard price of Rs.25 per. Company paid Rs.1,18,800? for 5,100 kg. which they used to produce 4,900 units. What is the direct materials quantity variance?

Q. Under High and Low Point method, the output at two different levels is compared with the amount of __________ incurred at these two points.

Q. If the actual output is more than the budgeted output, volume variance is

Q. Permanent working capital ___________.

Q. Expenditure over and above prime cost is known as ________.

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

Q. From day to day operation which report is prepare ?

Q. Which of the following financial statements is also known as a statement of financial position?

Q. Management accounting deals only with that information which is useful to the ___________

Q. What does the statement of comprehensive income show?