The expected return or benefit foregone in rejecting one course of action for the other is known as

Related MCQs

• ABC Ltd. has prepared the cash budget for the year 2014-2015 and provided the following information pertaining to sales value : Month Rs. April 2014 2,50,000 May 2014 2,80,000 June 2014 3,20,000 July 2014 3,50,000 20% of the monthly sales are expected to be on cash basis. 60% of the credit sales are expected to be realised in the month following the month of sales and remaining 40% are expected to be realized in the second month following the month of sale. The estimated cash receipts in the month of June 2014 are:
• ……………….is the value of a benefit where no actual cost is incurred.
• The method of re-apportionment of overhead costs which is used when service department renders its services to other service departments but does not receive services of the other service departments.
• An input of 5000kg of material introduced into the process and the expected loss is 8% and if the actual output from the process is 4300, the abnormal loss is …………kg
• A favourable variance will arise when capital revenues are………..than expected.
• . This is a level at which normal issues of materials are stopped and urgent action is taken for procurement of materials
• Which document is prepared to transfer material from one job to the other job?
• The quantity of material to be ordered at one time is known as…………
• Expenses incurred during production other than direct materials and direct labour are called…………..factory expenses; those charged to production on estimated basis are called …………….
• The budget relating to ………….must be prepared first and the other budgets should be prepared in the light of that factor.