Fixed budget is useless for comparison when the level of activity -

Related MCQs

• Which statement is true.I)Fixed budget assumes Changing business conditions. II)Flexible budget is prepared for only one level of activity.
• Which statement is true.I)Fixed budget assumes Changing business conditions. II)Flexible budget is prepared for only one level of activity.
• A budget which is prepared in a manner so as to give the budgeted cost for any level of activity is known as -
• Which of the following is a budget designed to furnish budgeted costs for any level of activity attained
• Which of the following are the assumptions of marginal costing? 1) All the elements of cost can be divided into fixed and variable components. 2) Total fixed cost remains constant at all levels of output. 3) Total variable costs vary in proportion to the volume of output. 4) Per unit selling price remain unchanged at all levels of operating activity.
• R&D budget and Capital expenditure budget are examples of
• A Local Authority is preparing cash Budget for its refuse disposal department. Which of the following items would not be included in the cash budget?
• The ratio analysis is helpful to management in taking several decisions, but as a mechanical substitute for judgement and thinking, it is worse than useless.
• _________ is stated as a budget which is made to change as per the levels of activity attained.
• Which are not Investing activity? I)Receipts from sale of fixed asset II)Interest received III)Dividend paid IV)Cash Payment to acquire share of other Companies