www.bbcnoun.com.ng 8/10 The ratio which indicates the extend or degree to which unsecured credit are protected against losses in the event of liquidation is known as what? Propriaty ratio One of the advantages of marginal costing is that. It can be used in break-even analysis The term use to describe a management philosophy based on the continous improvement of quality is known as? Total quality The factors that tends to collect costs of each activity and are directly equivelent to conventional cost centers is known as what? Cost drivers One of the advantages of breakeven analysis is that. It shows the profit and loss at different levels of output The general quick ratio that is considered reasonable for financial purposes is? 1:1 One among these is a type of standard costing. Current standard The differnce betwween standard cost and actual cost is known as _________ Variance When direct cost is lowered, the gross margin will Rise One of the following is not a managerial functions of cost accounting Monitoring