Q. ……………..is a forecast of the total output of the whole organization
✅ Correct Answer: (B)
Production budget
Applied Cost Accounting MCQs and Notes
Q. The most important budget having primary importance is called
✅ Correct Answer: (A)
Sales budget
Q. An increase in physical sales volume…………P/V ratio
✅ Correct Answer: (D)
Do not affect
Q. Marginal costing and …………analysis helps in decision making
✅ Correct Answer: (C)
Differential costing
Q. Profit planning is possible with…………costing
✅ Correct Answer: (A)
Marginal
Q. …………is the system most useful for making make or buy decision
✅ Correct Answer: (B)
Marginal costing
Q. …………helps the management in cost control
✅ Correct Answer: (A)
Marginal costing
Q. In marginal costing only…………is charged to products
✅ Correct Answer: (B)
Variable cost
Q. In marginal costing stock of finished goods is valued at
✅ Correct Answer: (D)
Variable cost
Q. ………… is the aggregate of fixed cost and profit
✅ Correct Answer: (B)
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