Operation budgets normally cover a period of .

Related MCQs

• 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.
• ……….is the consolidated summary of the various functional budgets.
• …………is a summary of all function budgets in a Capsule form.
• The entire process of preparing the budgets is known as .
• Long-term budgets are prepared for .
• Material control does not cover the following stage.
• Inventory turnover ratio = Cost of …………………..during the period ÷ Cost of average inventory held during the period.
• .......................Under marginal costing, …………… costs are treated as period costs and charged to profit and loss account for the period for which they are incured.
• ……….represents that quantity of material which is normally ordered when a particular material reaches reordering level.