Cost and Management Accounting (CMA) MCQs

A

Admin • 32.61K Points
Instructor I

Q 31. Labour budget is a part of .

(A) Fixed budget.
(B) Sales budget.
(C) Production budget.
(D) Flexible budget.

V

Vinay • 24.32K Points
Instructor III

Q 32. Materials purchase budget is prepared on the basis of .

(A) Material sales budget.
(B) Material consumption budget.
(C) Material production budget.
(D) Material budget.

V

Vikash Gupta • 29.26K Points
Instructor II

Q 33. Material budget consists of two parts, one is the consumption budget and another Is .

(A) Material purchase budget.
(B) Material sales budget.
(C) Material production budget.
(D) Material budget.

V

Vinay • 24.32K Points
Instructor III

Q 34. Material consumption budget is prepared on the basis of .

(A) Production budget.
(B) Sales budget.
(C) Fixed budget.
(D) Flexible budget.

V

Vijay Sangwan • 24.03K Points
Instructor III

Q 35. The budget which shows the budgeted quantity of output to be produced during a specific period is.

(A) Fixed budget.
(B) Flexible budget.
(C) Sales budget.
(D) Production budget

P

Praveen Singh • 32.12K Points
Instructor I

Q 36. Long-term budgets are prepared for .

(A) 1 year.
(B) 1-3 years.
(C) 1-5 years.
(D) 5-10 years.

R

Ranjeet • 30.27K Points
Instructor I

Q 37. Budget designed to remain constant irrespective of the level of activity attained is called .

(A) Fixed budget.
(B) Flexible budget.
(C) Sales budget.
(D) Production budget

A

Admin • 32.61K Points
Instructor I

Q 38. Budgetary control starts with .

(A) Planning.
(B) Organizing.
(C) Budgeting.
(D) Controlling.

V

Vinay • 24.32K Points
Instructor III

Q 39. The entire process of preparing the budgets is known as .

(A) Planning.
(B) Organizing.
(C) Budgeting.
(D) Controlling.

R

Ram Sharma • 193.65K Points
Coach

Q 40. Operation budgets normally cover a period of .

(A) one to ten years.
(B) one to two years.
(C) one to five years.
(D) one year or less.

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