Profit volume ratio is used for the calculation of: Select one: Oa. Profit at given sales O b. Profit when margin of saftey is given O c. For all options provided Od. Break even point A budget which is designed to remain unchanged irrespective of the level of activity actually attained is called? Select one: a. Master Budget b. None of the option c. Fixed Budget Od. Flexible Budget Mars Company is in the period of budgeting for next year. The Sales manager forecasted the number of units to be sold as 5000 units and determined the selling price at 10 OMR per unit. The management revised these estimates with a 10% increase in selling price and with a 20 % decrease in the number of units sold. According to these revised estimates, which of the following is the revised Sales (OMR)? Those costs which cannot be influenced by the action of a specified member of an enterprise is called? Select one: O a. Relevant Costs Ob. All Costs c. Non-controllable costs Od. Pre-determined costs The ratio that indicate the ability of the company to pay its current Liabilities/short term bills is called? Select one: a. Return on Equity b. Liquidity Ratios c. Return on Assets d. Operating Performance Ratio The definition 'Management accounting is concerned with accounting information that is useful to management.' is given by: Select one: a. Robert Anthony Ob. Institute of Management Accountants (IMA) O c. The Chartered Institute of Management Accountants (CIMA) O d. Institute of Chartered Accountants of England