……………is the maximum possible alternative earning that might have been earned if the productive capacity is put to some alternativeuse.

Related MCQs

• ……………………are costs which have been applied against revenue of particular accounting period.
• Total sales Rs. 20,00,000; Fixed expenses Rs. 4,00,000; P/V Ratio 40%; Break-even capacity in percentage is .
• Break - even point occurs at 40% of` total capacity, margin of safety will be .
• ………………is a technique of stock control which leads to saving of time of the management because attention is required to be paid only to some of the items rather than on all the items.
• Defectives are that portion of production which can be.............................at some extra cost of re-operation.
• Cost Accounting has been developed becauseof….........................of Financial Accounting.
• Re-ordering level = Maximum consumption x …………………………
• Re-ordering level = ........................................X Maximum re-order period