a)Explain the main characteristics of engineered and discretionary expense centres and how they are evaluated ?

b(From the following particulars find out the break even point :

Variable Cost p.u=INR 15 ;

Fixed Cost= INR 54,000 ;

Selling price p.u= INR 20

If BEP is maintained at 6,000 units find Selling Price p.u ?

What is the relevance of BEP ? Is this concept relates to margin of safety ? How can an organization decide on what will be the BEP and MOS

c)Budgets are an important tool for effective short term planning & control in organizations. Discuss the characteristics of budgets. Also explain briefly the difference between fixed & flexible budget.