Budgetary control system acts as a friend, philosopher and guide to the…

Related MCQs

• Budgetary control facilitates easy introduction of the…
• ________ is the first step of budgetary system and all other budgets depends on it.
• A good _____ system will not punish the workers for the matters beyond the control of the workers.
• The control ratios used by the management to know whether the deviations of the actual performance from the budgeted performance are favourable or unfavourable are __________.
• Following is used as tool for Cost Control
• Following is used as tool for Cost Control
• The following information belongs to John Manufacturing Company that uses a standard costing system: • Basic wage rate:Rs.12 per hour • Fringe benefits: Rs. 2 per hour • Basic time: 2 hours per unit • Allowance for down time: 0.3 hours per unit • Allowance for brakes: 0.2 hours per unit Based on the above information, what is the standard direct labor cost per unit?
• In responsibility accounting system…
• The responsibility accounting is a system by which the responsibility is assigned to the concerned persons…
• A management concept under which all managers and employees at all stages of company operations strive toward higher standards and a reduced number of defective units are called: