Cost and Management Accounting (CMA) MCQs and Notes

R

Rakesh Kumar • 28.44K Points
Instructor II

Q 21. The budget starts without any base is .

(A) Master budget.

(B) Flexible budget.

(C) Zero base budgeting.

(D) Fixed budget.

G

Gopal Sharma • 38.32K Points
Coach

Q 22. A flexible budget is prepared for a _.

(A) One level of activity.

(B) Range of activity.

(C) Two level of activity.

(D) Three level of activity.

G

Gopal Sharma • 38.32K Points
Coach

Q 23. A fixed budget is prepared for only .

(A) One level of activity.

(B) Range of activity.

(C) Two level of activity.

(D) Three level of activity.

A

Admin • 36.93K Points
Coach

Q 24. The budget prepared for replacement of assets, expansion of production facilities, adoption of new technologies etc. is .

(A) Capital expenditure budget.

(B) Production overhead budget.

(C) Administration overhead budget.

(D) Selling and distribution overhead budget.

R

Ranjeet • 34.60K Points
Instructor I

Q 25. The budget prepared to estimate the expenditure on fixed assets is known as.

(A) Capital expenditure budget

(B) Production overhead budget.

(C) Administration overhead budget.

(D) Selling and distribution overhead budget.

V

Vikash Gupta • 33.56K Points
Instructor I

Q 26. The budget prepared to estimate the research and development expenditure to be incurred during a specific period is .

(A) Production overhead budget.

(B) Administration overhead budget.

(C) Selling and distribution overhead budget.

(D) Research and development budget.

V

Vikash Gupta • 33.56K Points
Instructor I

Q 27. The budget prepared to estimate expenditure to be incurred to sell the product and its distribution is .

(A) Production overhead budget.

(B) Administration overhead budget.

(C) Selling and distribution overhead budget.

(D) Master budget

R

Ram Sharma • 193.84K Points
Coach

Q 28. The budget prepared to estimate the expenditure to be incurred for planning, organizing, direction and control function of the management is .

(A) Production overhead budget.

(B) Administration overhead budget.

(C) Selling and distribution overhead budget.

(D) Master budget.

P

Praveen Singh • 36.71K Points
Coach

Q 29. Budget of indirect costs in the form of indirect wages, indirect material and indirect expenses in the factory is .

(A) Production overhead budget.

(B) Administration overhead budget.

(C) Selling and distribution overhead budget.

(D) Master budget.

S

Shiva Ram • 30.44K Points
Instructor I

Q 30. Labour budget is prepared by .

(A) Personnel department.

(B) Sales department.

(C) Purchase department.

(D) Accounts department.