A firm has fixed expenses Rs. 90,000, sales Rs. 3,00,000 and profit Rs. 60,000. The P/V ratio of the firm is?

Select one:

a. 10%

b. 20%

C. 30%

d. 50%

Tubos and Batteries are treated as

Select one:

a Running Cost

b. Standing Charges

c. Maintenance Cost

Od. Functional Cost

Under standard cost system the cost of the product determined at the beginning of production is its?

Select one

a. Direct cost

b. Standard cost

OC. Historical cost

d Actual cost

Which of the following items is not included in preparation of a cost sheet?

Select one

a Carriage inward

b. Purchase returns

C Sales commission

d Interest paid