Budget of indirect costs in the form of indirect wages, indirect material and indirect expenses in the factory is .

Related MCQs

• …….budget may be classified into material cost budget, labour cost budget and overhead budget.
• Expenses incurred during production other than direct materials and direct labour are called…………..factory expenses; those charged to production on estimated basis are called …………….
• Material budget consists of two parts, one is the consumption budget and another Is .
• 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 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.
• .......................Under marginal costing, …………… costs are treated as period costs and charged to profit and loss account for the period for which they are incured.
• ……….budget gives differentbudgeted costs for different levels of activity.
• What type of budget is designed to take into account forecast change in costs, prices, etc?