Rolling budgets are useful when

Which of the following is *NOT* a benefit likely to arise from the implementation of a ‘just in time’ cost approach?

Which of the following is NOT used as a treatment of fixed manufacturing costs in management accounting?

If sale is 1000, fixed cost is 200, and profit is 500, what is contribution margin ratio?

According to full costing method, if cost of sale is 800, Gross profit is 200, and variable cost is 400, what is the contribution margin?

The accumulation of the costs incurred in buying and/or making inventory items is known as ....?

In a manufacturing overhead variance, which is excluded from a two-way variance, as opposed to a three-way?

Which of the following bases is more an activity-based cost driver rather than a volume based cost driver in relation to applying overheads?

A company wishes to evaluate a division which has the following extracts from income statement and statement of financial position. Income statement: $’000 Sales 500 Gross profit 200 Net profit 120 Statement of financial position: $’000 Non current assets 750 Current assets 350 Current liabilities (450) Net assets 650 What is the residual income for the division if the company has a cost of capital of 18%?

In management accounting the terms 'cost' and 'expense' can be accurately used interchangeably?

'Relevant range' in budgeting and cost accounting relates to the: