In production budget opening stock is deducted with .

Related MCQs

• …….budget may be classified into material cost budget, labour cost budget and overhead budget.
• Opening stock + purchases + direct expenses – closing stock =
• Expected sales + desired closing stock – estimated opening stock = .
• 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?
• In production budget closing stock is added with .
• …………………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 .