True or False: In zero base budgeting, each item is redefined from zero instead of using last year's budget as a base.

The break-even point is the level of sales that ....?

The Discounted Payback Period is the length of time required for an investment's discounted cash flows to equal its initial cost. True or False?

Which of the mentioned payroll cost(s) represent direct labor?

Partly finished goods that a manufacturer may have on hand at the end of an accounting period is known as ...?

True or False: Activity-based costing can be used to allocate SG&A expenses in order to assist management with pricing and other marketing decisions.

The profit at which total revenue is equal to total cost is called ______

The profit of an undertaking is affected by _______

Contribution/sales is equal to _______

Profit volume ratio establishes the relationship between _______

Sales Rs. 100000, variable cost Rs. 50000 and net profit ratio is 10% on sales, find out fixed cost.