71. Which of the following is correct at break-even point?
72. Match the following.
List-I
List-II
a. Excess of actual sales over the break-even sales volume
1. Contribution
b. Sum of fixed cost and profit
2. Cost volume profit analysis
c. Break-even chart
3. Unaffected by change in output
d. Break-even point
4. Margin of safety
| List-I | List-II |
| a. Excess of actual sales over the break-even sales volume | 1. Contribution |
| b. Sum of fixed cost and profit | 2. Cost volume profit analysis |
| c. Break-even chart | 3. Unaffected by change in output |
| d. Break-even point | 4. Margin of safety |
73. The term 'standard cost' refers to the
74. The concept of budget that requires all levels to work from scratch is
75. The break-even point in units is calculated using
76. Which part of cost of production report explains the cost incurred during the process?
77. Which of the following gives formula for direct material price variance?
78. In increasing production volume situation, the behaviour of fixed cost and variable cost will be
79. If total cost of 200 units is Rs. 55,000 and those of 201 units is Rs. 55,030, then upsurge of Rs. 30 in total cost is
80. Match the following.
List-I
List-II
a. Classification of costs into fixed and variable costs
1. Contribution
b. Difference between sales and variable costs
2. P/V ratio
c. Both fixed and variable costs are charged to product
3. Marginal costing
d. Relative profitability
4. Absorption costing
| List-I | List-II |
| a. Classification of costs into fixed and variable costs | 1. Contribution |
| b. Difference between sales and variable costs | 2. P/V ratio |
| c. Both fixed and variable costs are charged to product | 3. Marginal costing |
| d. Relative profitability | 4. Absorption costing |
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