35.

37,

39.

41.

42,

058/2016

. The first step in preparing the budget is determining the
A) Cost of goods sold B) Cost of material purchase
C) Cash D) Sales
The costing methed used in autemobile industry
A) Operation Costing B) Multiple Costing
C) Operating Costing D) Contract Costing
. Average cost method is suitable in inventory valuation in times of
A) Falling prices B) Rising prices
C) Prices are stable D) Price fluctuates considerably
ZBB was first used in
A) Japan B) America C) Korea D) India
Capital Budgetingis a
A) Strategic decision B) Administrative decision
C) Operative decision D) None of these

The contribution per unitis Rs. 2 and Fixed Costs are Rs. 15,000. For earning a
profit of Rs. 50,000, the company must have sales of
A) Rs. 1,30,000 8) ೧6. 1,00,000
0) Rs. 32,500 D) 32500 units
. When margin of safety is 60% and P/V ratio is 25%, 176 ೧/೦! 687766 ೫॥| 06
A) 35% B) 15% C) 25% D) 20%
When profit is Rs. 5,000 and P/V ratio is 20%, margin of safety is
൧) 25,000 B) 10,000 C) 30,000 D) 50,000
Which of the following is a Period Cost ? ↽
A) Direct material B) Indirect material
C) Factory utilities D) Administrative expenses
. Part of the capital not represented by assets are called
A) Average stock B) Base stock
C) Watered stock D) Stock in trade

7