Question: If time budgeted for a product is 50 hours and time taken is 36 hours, how many hours saved
Answer: 14 hours

Question: In measuring performance, revenue less controllable at the devisional level is call?
Answer: Contrllable profit

Question: The process by which the total difference between standard and actual cost is subdivided is called
Answer: Variance analysis

Question: Prodution unit method is one method of charging â€|
Answer: Depreciation

Question: Quantity, Description, Stock code No., Purchase order No. and Supplier are the five main heading of â€|
Answer: Purchase requisition

Question: Maintaining the stores in a tidy manner is one duty of â€|
Answer: Storekepper

Question: In planning system concepts, system may be closed or â€|
Answer: Open

Question: All direct and indirect costs plus fixed cost is equal to â€|
Answer: Total costs

Question: Production that has not yet reached the stage of completion is called â€|
Answer: Work in progress

Question: Overheads are spread over the cost units by the process known as
Answer: Overhead absorption