ACCOUNTING FOR MANAGERIAL DECISIONS Very short answer type questions 1. a. Define Sunk Cost. b. What is breakeven point? c. What do you mean by zero budget? d. What is human resource accounting. e. Define cost driver. f. Define value chain analysis. g. What is target costing? i. Define the concept CPP under inflation accounting. Short answer type questions 2. Determination of profit volume ratio, Sales at breakeven point (numerical) 3. Preparation of sales budget (numerical) 4. Discuss the concept of Value Chain Analysis. 5.Explain the different types of budgets. Long answer type questions 6. ABC approach (numerical) 7. Calculation of variances (numerical) 8.Write Short notes on: i) Theory of Constraints ii) Benchmarking 9. What is responsibility accounting? What are the different responsibility centres?
