Material budget consists of two parts, one is the consumption budget and another Is .

Related MCQs

• …….budget may be classified into material cost budget, labour cost budget and overhead budget.
• 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?
• Material consumption budget is prepared on the basis of .
• …………………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.
• Budget of indirect costs in the form of indirect wages, indirect material and indirect expenses in the factory is .
• ……….represents that quantity of material which is normally ordered when a particular material reaches reordering level.
• In inter process profits, the output of one process is transferred from one process to another not at …………….but at ……………….
• Re-ordering level = Maximum consumption x …………………………