When are budgets can be used by finance department?
Cash flow planning
Inventory control
Recruitment
None of the above
The point where total costs and total revenue cross .
Breakeven point
Loss
Safety margin
Profit
Which of the following form of control is variance analysis?
Budgetary
Cost
Total revenue is the product of quantity sold and.
Price
Wages
Volume
All businesses should plan for the.
Present
Past
Future
What is the break - even chart used for ?
To draw random graphs
To play with money
To compare costs with revenue
To do something with it
The difference between a budgeted figure and the actual figure.
Variance
Forecasts
Master budget
Contribution
Which of the following are particularly useful for forecasting sales of products which have not yet been launched on to the market ?
Panel consensus
Trend extrapolation
Scatter diagram
Market research surveys
The selling price of product X is Rs . 50 .The variables costs of materials and production labour are Rs . 20 .The weekly fixed costs are Rs . 6000 . Calculate the breakeven level of production .
600 units
200 units
300 units
500 units
What are fixed costs otherwise called?
Variable cost
Semi variable cost
Break even cost
Overhead cost
