Fill in the blank/s of the following statements:
- Standard cost is a _______________ cost.
- The deviation of actual cost or sales or profit from the standard cost or sales or profit is called _______________.
- When the material actually consumed is 1,100 kg at Rs. 8 per kg, the MPV is Rs. 2,200 (F) and MUV is Rs. 1,000 (A), then the standard quantity for the actual output is _______________ kg and standard price is Rs. _______________ per kg.
- When the standard hours required for the actual output is 5,000 hours at Rs. 20 per hour, the LRV is Rs. 20,000 (F) and LEV is Rs. 20,000 (F), then the actual hours taken for the actual output is _______________ hours and the actual labour rate is Rs. _______________ per hour.
- SVV is the difference between the _______________ and _______________.
- MCV is the difference between the _______________ of the actual output and _______________.
- FOCV = _______________ + _______________
- VOCV = _____________ + _____________