Exam 5: Exploring Cost and Profit Analysis in Accounting

When fixed costs are Rs.4000 and P/v ratio is 25%, then break even point will be …………..

cost driver for activities is called …………….

At Break even point contribution will be equal to …………….

Both costs and revenues are measured in ………………… centers

In responsibility accounting the organization is divided into different ………centers

A cost centre is a segment of the organization where the manager is responsible for …………………..

Responsibility accounting is used for ……………….

Prime costs may be defined as

The performance of investment centre is based on ……………….

Profit Volume ratio is the ratio of ……………. To sales

An investment centre is a responsibility centre where the manager has control of ………………

A centre where the manager is responsible for sales is …………..

Responsibility accounting aims to …………….

When sales are Rs.30000 and P/V ratio is 20% then contribution will be….

A …………….is that factor which causes cost.

Responsibility Accounting is also called ……………. Accounting

…………..is the angle caused by intersection of total cost line and total sales line

Marginal cost is the aggregate of prime cost and ……………….

Variable cost ratio is 60% Sales Rs.20000 and fixed cst Rs.5000, then profit will be ……..

The ratio of contribution to ……………. Is called P/V ratio