The budget relating to.................... must be prepared first and the other budgets should be prepared in the light of that factor.

Related MCQs

• …………………budget is the most important budget and it forms the basis on which all the other budgets are built up.
• …….budget may be classified into material cost budget, labour cost budget and overhead budget.
• Long-term budgets are prepared for .
• ………budget gives an estimate of the anticipated receipts and payment of cash during the budget period.
• Material budget consists of two parts, one is the consumption budget and another Is .
• Each job has a ..................... prepared for it that bears the job number and which is used to collect all cost data relating to job.
• …………………budget is the preparation of budget starting from a clean state.
• The budget prepared to estimate the expenditure to be incurred for planning, organizing, direction and control function of the management is .
• The budget prepared to estimate expenditure to be incurred to sell the product and its distribution is .
• The budget prepared to estimate the research and development expenditure to be incurred during a specific period is .