1. Variable costs change . . . . . . . . with change in output.
2. In Contract Account, the work in progress consists of
3. Which of the following is not the limitation of budgetary control?
4. Damage to material due to fire is considered-
5. . . . . . . . . budget is the preparation of budget starting from a clean state.
6. Which of the following is a non-operating expense?
7. Each job has a . . . . . . . . prepared for it that bears the job number and which is used to collect all cost data relating to job.
8. What is the capital structure referred to as when equity shareholder's funds exceed the total of debentures and preference share capital?
9. Match the items in List-I with the items in List-II.
List-I
List-II
a. Debt equity ratio
1. $$\frac{{{\text{Net Profit before Interest and Tax}}}}{{{\text{Interest on Long-term Loan}}}}$$
b. Proprietary ratio
2. $$\frac{{{\text{Equity Share Capital}} + {\text{ Reserve}}}}{{{\text{Preference Share Capital }} + {\text{ Interest Bearing Finance}}}}$$
c. Interest coverage ratio
3. $$\frac{{{\text{Long-term Debts}}}}{{{\text{Shareholder's Funds}}}}$$
d. Capital gearing ratio
4. $$\frac{{{\text{Shareholder's Funds}}}}{{{\text{Total Assets}}}}$$
| List-I | List-II |
| a. Debt equity ratio | 1. $$\frac{{{\text{Net Profit before Interest and Tax}}}}{{{\text{Interest on Long-term Loan}}}}$$ |
| b. Proprietary ratio | 2. $$\frac{{{\text{Equity Share Capital}} + {\text{ Reserve}}}}{{{\text{Preference Share Capital }} + {\text{ Interest Bearing Finance}}}}$$ |
| c. Interest coverage ratio | 3. $$\frac{{{\text{Long-term Debts}}}}{{{\text{Shareholder's Funds}}}}$$ |
| d. Capital gearing ratio | 4. $$\frac{{{\text{Shareholder's Funds}}}}{{{\text{Total Assets}}}}$$ |
10. Increases in the efficiency of workers-
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