Such expenses which are included (even though they are not incurred) for taking managerial decisions are called………………

Related MCQs

• 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 cost which is to be incurred even when a business unit is closed is a.
• Total sales Rs. 20,00,000; Fixed expenses Rs. 4,00,000; P/V Ratio 40%; Break-even capacity in percentage is .
• is the amount by which the absorbed overheads fall short of the actual amount of overheads incurred.
• The ratios which reflect managerial efficiency in handling the assets is.
• The ratios which reveal the final result of the managerial policies and performance is .
• Direct expenses are also called .
• ……is the value of a benefit where no actual cost is incurred.
• is the excess of overheads absorbed over the actual amount of overheads incurred.
• The loss incurred on an incomplete contract is transferred to ………….account.