[Solved] Which of the following matter is to be taken into account which preparing Material Purchase Budget ?

McqMate

Q.	Which of the following matter is to be taken into account which preparing Material Purchase Budget ?
A.	The supplier from whom materials are to be purchased.
B.	The procedure of storing and preserving materials after they are received.
C.	The prices at which receipts and issues of materials are to be recorded in stores ledger.
D.	The maximum and minimum quantities of materials to be purchased.
Answer» D. The maximum and minimum quantities of materials to be purchased.

3.2k

0

Do you find this helpful?

28

View all MCQs in

Management Accounting

Discussion

No comments yet

Related MCQs

Which matters are taken into consideration while preparing production budget ?
Which of the following matter is relevant with cash receipts and disbursement method of preparing Cash Budget ?
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?
While preparing sales budget, which of the following factors are considered?
For preparing an effective budget it needs accounting information which is
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.
R&D budget and Capital expenditure budget are examples of
The data related to Production of T are for material X standard data and actual data are 40 kgs @ Rs 10 and 55 kgs @ Rs 9, respectively. The standard data and actual data for material Y are 50 kgs @ Rs 5 and 35 kgs @ Rs 7. Determine material usage variance.
To produce Product A 2 kg of material X at Rs 10 per kg is required . During February 800 units of Product, A were produced. Actual price paid for material X is Rs 9 per kg and total cost Rs 15,300. Determine material cost variance.