Correct Answer: Rs 25,000
Explanation:
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More Management Accounting MCQ Questions
Which one is usually a long term budget?
Operating budgets cover a period of_____.
Fixed – variable cost classification is significant in _______.
______ budget is prepared first.
Zero based budgeting was first used by _______.
True or False: Just in time (JIT) is a production strategy that strives to improve a business return on investment by reducing in-process inventory and associated carrying costs.
Which option below correctly completes the statement: Involvement in the budgeting process should _____.
True or False: Actual Costing is the system of costing in which actual cost incurred during the period is charged to the product.
Net present value (NPV) is best defined as:
True or False: BOTH variable and fixed manufacturing overhead are included in the Absorption Costing Method