…….budget may be classified into material cost budget, labour cost budget and overhead budget.

Related MCQs

• 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 budget consists of two parts, one is the consumption budget and another Is .
• When …………………….is used on the basis of budgeted overheads and the rate is applied to the actual base, the actual overhead expenses may be different from the charged overheads.
• Overhead cost is the total of .
• Labour budget is a part of .
• Labour budget is prepared by .
• Indirect material used in production is classified as.
• ………is a technique of material cost control which leads to low carrying cost as a result of low investment in inventory
• …………………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.