What type of budget is designed to take into account forecast change in costs, prices, etc?

Related MCQs

• …….budget may be classified into material cost budget, labour cost budget and overhead budget.
• .......................Under marginal costing, …………… costs are treated as period costs and charged to profit and loss account for the period for which they are incured.
• Variable costs change..................................with change in output.
• …………………budget is the most important budget and it forms the basis on which all the other budgets are built up.
• ………budget gives an estimate of the anticipated receipts and payment of cash during the budget period.
• …………………budget is the preparation of budget starting from a clean state.
• Material budget consists of two parts, one is the consumption budget and another Is .
• The budget prepared for replacement of assets, expansion of production facilities, adoption of new technologies etc. is .
• ……….budget gives differentbudgeted costs for different levels of activity.
• Budget of indirect costs in the form of indirect wages, indirect material and indirect expenses in the factory is .