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

Related MCQs

• ……………….is a summary of all function budgets in a Capsule form.
• A budget that gives a summary of all the functional budget is known as
• Which of the following is normally the most appropriate sequence of events in the preparation of the indicated budgets?
• PP Ltd is preparing the production and material purchase budgets for one of their products, The SUPERX for the forthcoming year. The following information is available: Sales demand (units) 30000 Material usage per unit 7 kgs Estimated opening inventory 3500 units Required closing inventory 35% higher than opening inventory How many units of the SUPERX will need to be produced?
• The budget relating to ………….must be prepared first and the other budgets should be prepared in the light of that factor.
• …………………budget is the most important budget and it forms the basis on which all the other budgets are built up.
• Which of the following is / are true with regard to the period of budget? i) the budget period depends on the nature of industry ii) master budget is prepared annually while functional budget may be for different periods iii) Basic budget is the long term budget
• ……………..determines the priorities of functional budget.
• Cost accounting provides detailed information about …………………of various products, processes, services and operations.
• ………………..is maintained to know how the worker’s time shown by the time card is spent on various jobs.