Mcqs boht easy thy vu toolkit sy aur YouTube per lecture hai aik full preparation ka wahan sy *Short Questions* *1.* Write three main characteristics of Budget. *2.* Flexible budget” is designed in such a way that the budget cost for any activity level is available. You are required to mention the circumstances where flexible budgeting is desirable? *Long Questions* *1* . A company produces two joint products, Product R and Product S. Allocate the Joint Fixed Cost between Product R and Product S on the basis of their cost of goods. Cost of Goods R = Rs. 150 Cost of Goods S = Rs. 250 Joint Fixed Cost = Rs. 60,000 *Required* : Calculate: Joint Fixed Cost allocated to Product R. *2* . Calculate Break Even Sale (i) in units (ii) in rupees