Which of the following is normally the most appropriate sequence of events in the preparation of the indicated budgets?

Related MCQs

• …………………budget is the most important budget and it forms the basis on which all the other budgets are built up.
• PP Ltd is preparing the production and material purchase budgets for one of their products, The SUPERX for the forthcoming year. The following information is available: Sales demand (units) 30000 Material usage per unit 7 kgs Estimated opening inventory 3500 units Required closing inventory 35% higher than opening inventory How many units of the SUPERX will need to be produced?
• The budget relating to ………….must be prepared first and the other budgets should be prepared in the light of that factor.
• ……………….is the consolidated summary of the various functional budgets.
• ……………….is a summary of all function budgets in a Capsule form.
• The classification of fixed and variable cost has a specific significance in the preparation of
• …………………budget is the preparation of budget starting from a clean state.
• The difference between fixed and variable cost has a special significance in the preparation of
• …………………represents that quantity of material which is normally ordered when a particular material reaches reordering level.
• The level above which stock should not normally be allowed to rise.