81. The difference between fixed and variable cost has a special significance in the preparation of:
82. Where actual loss in a process is less than the anticipated loss, the difference between the two is considered to be . . . . . . . .
83. Management by exception is exercising control over . . . . . . . .
84. What is the stock turnover ratio when the opening stock is Rs. 50,000; closing stock is Rs. 60,000 and; and the cost of goods sold is Rs. 2,20,000?
85. Activity Ratio =
86. The system which gives a continuous information regarding quantum and value of inventory is known as:
87. A process costing system is used by a company that
88. . . . . . . . . is a post mortem of past costs.
89. . . . . . . . . is one which can be conveniently identified with and charged to a particular unit of cost.
90. Cost accounting provides data for managerial . . . . . . . .
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