» Cost and Management Accounting (CMA) solved MCQs

» Cost and Management Accounting (CMA) solved MCQs

The budget relating to……………….. must be prepared first and the other budgetsshould be prepared in the light of that factor.

Question:

The budget relating to……………….. must be prepared first and the other budgetsshould be prepared in the light of that factor.

A.
limiting factor
B.
materials
C.
labour
D.
production
Answer» a. limiting factor

Note: The above multiple-choice question is for all general and Competitive Exams in India.

Read More The budget relating to……………….. must be prepared first and the other budgetsshould be prepared in the light of that factor.
» Cost and Management Accounting (CMA) solved MCQs

……….budget gives differentbudgeted costs for different levels of activity.

Question:

……….budget gives differentbudgeted costs for different levels of activity.

A.
master
B.
fixed
C.
flexible
D.
all of these
Answer» c. flexible

Note: The above multiple-choice question is for all general and Competitive Exams in India.

Read More ……….budget gives differentbudgeted costs for different levels of activity.
» Cost and Management Accounting (CMA) solved MCQs

…………..budget is designed to remain unchanged irrespective of the volume ofoutput or turnover attained.

Question:

…………..budget is designed to remain unchanged irrespective of the volume ofoutput or turnover attained.

A.
master
B.
fixed
C.
flexible
D.
all of these
Answer» b. fixed

Note: The above multiple-choice question is for all general and Competitive Exams in India.

Read More …………..budget is designed to remain unchanged irrespective of the volume ofoutput or turnover attained.
» Cost and Management Accounting (CMA) solved MCQs

……….is the consolidated summary of the various functional budgets.

Question:

……….is the consolidated summary of the various functional budgets.

A.
master budget
B.
sales budget
C.
performance budget
D.
cash budget
Answer» a. master budget

Note: The above multiple-choice question is for all general and Competitive Exams in India.

Read More ……….is the consolidated summary of the various functional budgets.
» Cost and Management Accounting (CMA) solved MCQs

…………………budget is the most important budget and it forms thebasis on which all the other budgets are built up.

Question:

…………………budget is the most important budget and it forms thebasis on which all the other budgets are built up.

A.
production
B.
material
C.
cash budget
D.
sales
Answer» d. sales

Note: The above multiple-choice question is for all general and Competitive Exams in India.

Read More …………………budget is the most important budget and it forms thebasis on which all the other budgets are built up.
» Cost and Management Accounting (CMA) solved MCQs

………budget gives an estimate of the anticipated receipts and payment of cashduring the budget period.

Question:

………budget gives an estimate of the anticipated receipts and payment of cashduring the budget period.

A.
sales
B.
production
C.
cash
D.
master
Answer» c. cash

Note: The above multiple-choice question is for all general and Competitive Exams in India.

Read More ………budget gives an estimate of the anticipated receipts and payment of cashduring the budget period.
» Cost and Management Accounting (CMA) solved MCQs

…….budget may be classified into material cost budget, labour cost budget andoverhead budget.

Question:

…….budget may be classified into material cost budget, labour cost budget andoverhead budget.

A.
cost of production
B.
purchase
C.
sales
D.
cash
Answer» a. cost of production

Note: The above multiple-choice question is for all general and Competitive Exams in India.

Read More …….budget may be classified into material cost budget, labour cost budget andoverhead budget.
» Cost and Management Accounting (CMA) solved MCQs

…………is a summary of all function budgets in a Capsule form.

Question:

…………is a summary of all function budgets in a Capsule form.

A.
master budget
B.
sales budget
C.
performance budget
D.
cash budget
Answer» a. master budget

Note: The above multiple-choice question is for all general and Competitive Exams in India.

Read More …………is a summary of all function budgets in a Capsule form.
» Cost and Management Accounting (CMA) solved MCQs

…………………budget is the preparation of budget starting from aclean state.

Question:

…………………budget is the preparation of budget starting from aclean state.

A.
performance
B.
zero base
C.
cash
D.
none of these
Answer» b. zero base

Note: The above multiple-choice question is for all general and Competitive Exams in India.

Read More …………………budget is the preparation of budget starting from aclean state.

The budget relating to……………….. must be prepared first and the other budgetsshould be prepared in the light of that factor.

……….budget gives differentbudgeted costs for different levels of activity.

…………..budget is designed to remain unchanged irrespective of the volume ofoutput or turnover attained.

……….is the consolidated summary of the various functional budgets.

…………………budget is the most important budget and it forms thebasis on which all the other budgets are built up.

………budget gives an estimate of the anticipated receipts and payment of cashduring the budget period.

…….budget may be classified into material cost budget, labour cost budget andoverhead budget.

…………is a summary of all function budgets in a Capsule form.

…………………budget is the preparation of budget starting from aclean state.