121. Sales budget is a:
122. The limitations of . . . . . . . . has led to the development of standard costing system.
123. Profits can be increased by
1. decreasing the selling price per unit.
2. increasing the selling price per unit.
3. decreasing the volume of sales.
4. increasing the volume of sales.
5. decreasing the fixed or variable expenses.
6. increasing the fixed or variable expenses.
7. giving more weightage for products having higher P/V ratio.
8. giving less weightage for products having higher P/V ratio.
Select the correct answer
1. decreasing the selling price per unit.
2. increasing the selling price per unit.
3. decreasing the volume of sales.
4. increasing the volume of sales.
5. decreasing the fixed or variable expenses.
6. increasing the fixed or variable expenses.
7. giving more weightage for products having higher P/V ratio.
8. giving less weightage for products having higher P/V ratio.
Select the correct answer
124. If the contract is 50% complete, which of the following amount of profit is normally credited?
125. In transportation costing a composite unit such as . . . . . . . . is used.
126. Study the following transactions
I. Raising of short-term loans
II. Goods purchased for cash
III. Payment of bonus in the form of shares
IV. Issue of shares in lieu of raw materials
The flow of funds is
I. Raising of short-term loans
II. Goods purchased for cash
III. Payment of bonus in the form of shares
IV. Issue of shares in lieu of raw materials
The flow of funds is
127. Which of the following is not a cash outflow?
128. For printing of wedding invitation card the most appropriate costing system is
129. An opportunity cost is . . . . . . . .
130. . . . . . . . . Accounting provides information for cost control.
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