Q. ……………. forms the basis on which all other budgets are built up
✅ Correct Answer: (C)
Sales budget
Applied Cost Accounting MCQs and Notes
Q. ……………. is the most important budget
✅ Correct Answer: (C)
Sales budget
Q. ……………. is the budget incorporating all the components functional budgets
✅ Correct Answer: (D)
Master budget
Q. ……………. is a budget starts from zero
✅ Correct Answer: (A)
ZBB
Q. Budgeting system……………. key managerial functions
✅ Correct Answer: (B)
Integrates
Q. ………… is the act of building budgets
✅ Correct Answer: (A)
Budgeting
Q. A………… is useful only when the actual level of activity corresponds to the budgeted level of activity
✅ Correct Answer: (C)
Fixed budget
Q. In differential cost analysis decisions are taken by comparing the………… with differential cost
✅ Correct Answer: (C)
Incremental revenue
Q. Marginal costing is a technique of
✅ Correct Answer: (B)
Cost control
Q. There will be…………in marginal costing when there is production but no sales
✅ Correct Answer: (B)
Loss