_________ being the life blood of a business requires to be maintained in reasonably adequate quantity to run business successfully.

Related MCQs

• While calculating material mix variance, if revised standard quantity is greater than actual quantity, the variance is
• In a manufacturing firm, the standard quantity of material was set at 10 kg and standard price was fixed at Rs. 2 per kg. The actual quantity consumed was 12 kg and the actual price paid was Rs 1.90 per kg. Determine material usage variance.
• _______________ ratios measure the ability of a firm to earn an adequate return on sales, total assets and invested capital.
• Planning is that function of ……………………..which requires an efficient system of decision – making.
• Which of the following is the limitation of Zero based budgeting. I)Resist new ideas II)Control on expenditure III)Requires proper training IV)Conflicts
• Interpretation requires analysis and ----------------------------------
• Company has a material standard of 1.1 kg. per unit of output. Each kg. has a standard price of Rs.25 per. Company paid Rs.1,18,800? for 5,100 kg. which they used to produce 4,900 units. What is the direct materials quantity variance?
• (A Company has a standard of 1 direct labor hour per unit at Rs.12 per hour. 3,850 labor hours costing Rs.46,970 were used to produce 4,000 units.) Company’s labor quantity variance is
• Material price, mix, usage and revised quantity variances are measured on _______ basis, whereas material yield variance is measured on _______ basis.
• If the actual price input is $700, the budgeted price of input is $400 and the actual quantity of input are 50 units, then the price variance will be