Material consumption budget is prepared on the basis of .

Related MCQs

• …….budget may be classified into material cost budget, labour cost budget and overhead budget.
• Material budget consists of two parts, one is the consumption budget and another Is .
• 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.
• Materials purchase budget is prepared on the basis of .
• Material consumed is Rs. 5,00,000 Opening stock of raw material is Rs. 50,000 and Closing stock of raw material is Rs. 25,000. What is the cost of raw material purchased?
• ………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.
• Labour budget is prepared by .
• The budget prepared to estimate the expenditure to be incurred for planning, organizing, direction and control function of the management is .