B:-Marginal cost
C:-Average cost
D:-Imputed cost
Correct Answer:- Option-B

Question83:-Angle of incidence is .
A:-Angle between total sales line and total cost line
B:-Angle between variable cost line and fixed cost line
C:-Angle between fixed cost line and total sales line
D:-Angle between total cost line and variable cost line
Correct Answer:- Option-A

Question84:-Which of the following is not true?
A:-Contribution = Fixed Cost + Profit
B:-Profit = Contribution - Fixed cost
C:-Variable Cost = Sales - Contribution
D:-Fixed Cost = Contribution + Profit
Correct Answer:- Option-D

Question85:-If profit is Rs. 8,000, selling price per unit is Rs. 10 and variable cost per unit is RS. 6, margin of safety shall be

A:-Rs. 20,000
B:-Rs. 13,333
C:-Rs. 3,200
D:-Rs. 4,800
Correct Answer:- Option-A
Question86:-If sales revenue is Rs. 1,00,000, profit is Rs. 20,000 and PV ratio is 40%, the BEP shall be
A:-Rs. 8,000
B:-Rs. 24,000
C:-RS. 50,000
D:-Rs. 40,000
Correct Answer:- Option-C
Question87:- 15 concemed with probable events likely to happen under anticipated conditions during a specified
period of time.
A:-Estimate
B:-Forecast
C:-Budget
D:-All of these
Correct Answer:- Option-B
Question88:-Flexible budget is
A:-Dynamic budget
B:-Variable budget
C:-Sliding scale budget
D:-All of these
Correct Answer:- Option-D
Question83:-The budget that summarises and integrates all the individual budgets within an organisation, is called as

A:-Summarised budget

B:-Master budget

C:-Operating budget

D:-All of these

Correct Answer:- Option-D
Question90:-Static budget is also called as

A:-Master budget

B:-Functional budget

C:-Fixed budget

D:-Flexible budget

Correct Answer:- Option-C
Question91:-Who is the father zero-based budgeting?

A:-Jimmy Carter

B:-Peter Pyhm

C:-James Wilson

D:-Eugene Fama