McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Business Administration (BBA) , Uncategorized topics .
| 301. |
Material consumption budget is prepared on the basis of . |
| A. | Production budget. |
| B. | Sales budget. |
| C. | Fixed budget. |
| D. | Flexible budget. |
| Answer» A. Production budget. | |
| 302. |
Material budget consists of two parts, one is the consumption budget and another Is . |
| A. | Material purchase budget. |
| B. | Material sales budget. |
| C. | Material production budget. |
| D. | Material budget. |
| Answer» A. Material purchase budget. | |
| 303. |
Materials purchase budget is prepared on the basis of . |
| A. | Material sales budget. |
| B. | Material consumption budget. |
| C. | Material production budget. |
| D. | Material budget. |
| Answer» B. Material consumption budget. | |
| 304. |
Labour budget is a part of . |
| A. | Fixed budget. |
| B. | Sales budget. |
| C. | Production budget. |
| D. | Flexible budget. |
| Answer» C. Production budget. | |
| 305. |
Labour budget is prepared by . |
| A. | Personnel department. |
| B. | Sales department. |
| C. | Purchase department. |
| D. | Accounts department. |
| Answer» A. Personnel department. | |
| 306. |
Budget of indirect costs in the form of indirect wages, indirect material and indirect expenses in the factory is . |
| A. | Production overhead budget. |
| B. | Administration overhead budget. |
| C. | Selling and distribution overhead budget. |
| D. | Master budget. |
| Answer» A. Production overhead budget. | |
| 307. |
The budget prepared to estimate the expenditure to be incurred for planning, organizing, direction and control function of the management is . |
| A. | Production overhead budget. |
| B. | Administration overhead budget. |
| C. | Selling and distribution overhead budget. |
| D. | Master budget. |
| Answer» B. Administration overhead budget. | |
| 308. |
The budget prepared to estimate expenditure to be incurred to sell the product and its distribution is . |
| A. | Production overhead budget. |
| B. | Administration overhead budget. |
| C. | Selling and distribution overhead budget. |
| D. | Master budget |
| Answer» C. Selling and distribution overhead budget. | |
| 309. |
The budget prepared to estimate the research and development expenditure to be incurred during a specific period is . |
| A. | Production overhead budget. |
| B. | Administration overhead budget. |
| C. | Selling and distribution overhead budget. |
| D. | Research and development budget. |
| Answer» D. Research and development budget. | |
| 310. |
The budget prepared to estimate the expenditure on fixed assets is known as. |
| A. | Capital expenditure budget |
| B. | Production overhead budget. |
| C. | Administration overhead budget. |
| D. | Selling and distribution overhead budget. |
| Answer» A. Capital expenditure budget | |
| 311. |
The budget prepared for replacement of assets, expansion of production facilities, adoption of new technologies etc. is . |
| A. | Capital expenditure budget. |
| B. | Production overhead budget. |
| C. | Administration overhead budget. |
| D. | Selling and distribution overhead budget. |
| Answer» A. Capital expenditure budget. | |
| 312. |
A fixed budget is prepared for only . |
| A. | One level of activity. |
| B. | Range of activity. |
| C. | Two level of activity. |
| D. | Three level of activity. |
| Answer» A. One level of activity. | |
| 313. |
A flexible budget is prepared for a _. |
| A. | One level of activity. |
| B. | Range of activity. |
| C. | Two level of activity. |
| D. | Three level of activity. |
| Answer» B. Range of activity. | |
| 314. |
The budget starts without any base is . |
| A. | Master budget. |
| B. | Flexible budget. |
| C. | Zero base budgeting. |
| D. | Fixed budget. |
| Answer» C. Zero base budgeting. | |
| 315. |
ABC analysis is . |
| A. | At Best Control. |
| B. | Always Better Control. |
| C. | Average better Control. |
| D. | All best control. |
| Answer» B. Always Better Control. | |
| 316. |
JIT inventory system is . |
| A. | . Just In Time. |
| B. | Just Inventory Time. |
| C. | Job In Time. |
| D. | Job Inventory Time. |
| Answer» A. . Just In Time. | |
| 317. |
Perpetual inventory system involves . |
| A. | bincard and stores ledger. |
| B. | bill of material and material requisition. |
| C. | purchase requisition and purchase order. |
| D. | inward and outward invoices. |
| Answer» A. bincard and stores ledger. | |
| 318. |
FIFO is . |
| A. | Fast Investment in Future Order. |
| B. | First In First Out. |
| C. | Fast In Fast Out |
| D. | Fast Issue Of Fast Order. |
| Answer» B. First In First Out. | |
| 319. |
LIFO method of pricing of materials is more suitable when. |
| A. | material prices are rising. |
| B. | material prices are falling. |
| C. | material prices are constant. |
| D. | material prices are fluctuating. |
| Answer» A. material prices are rising. | |
| 320. |
Average method of pricing the material issues is useful when . |
| A. | material prices are rising. |
| B. | material prices are falling. |
| C. | material prices are constant. |
| D. | material prices are fluctuating. |
| Answer» D. material prices are fluctuating. | |
| 321. |
Scrap is . |
| A. | residue of material. |
| B. | wastage of material. |
| C. | surplus material. |
| D. | abnormal loss of material. |
| Answer» A. residue of material. | |
| 322. |
Material is issued by store keeper against. |
| A. | material requisition. |
| B. | material order. |
| C. | goods received note. |
| D. | purchase requisition. |
| Answer» A. material requisition. | |
| 323. |
EOQ stands for . |
| A. | Economic Order Quantity. |
| B. | Essential Order Quantity. |
| C. | Economic Output Quantity. |
| D. | Essential Output Quantity. |
| Answer» A. Economic Order Quantity. | |
| 324. |
The document which is prepared after receiving and inspecting material . |
| A. | material record note. |
| B. | goods received note. |
| C. | bill of material. |
| D. | inventory record. |
| Answer» B. goods received note. | |
| 325. |
The budget which reviews a programme or project from ‘scratch’ is |
| A. | Master budget. |
| B. | Flexible budget. |
| C. | Zero base budgeting. |
| D. | Fixed budget. |
| Answer» C. Zero base budgeting. | |
| 326. |
The budget said as ‘resource planning’ and ‘redeployment process’ is . |
| A. | Zero base budgeting. |
| B. | Master budget. |
| C. | Flexible budget. |
| D. | Fixed budget. |
| Answer» A. Zero base budgeting. | |
| 327. |
Expected sales + desired closing stock – estimated opening stock = . |
| A. | Expected production. |
| B. | Expected sales. |
| C. | Expected purchase. |
| D. | Expected loss. |
| Answer» A. Expected production. | |
| 328. |
In production budget closing stock is added with . |
| A. | expense. |
| B. | sales. |
| C. | purchase. |
| D. | material. |
| Answer» B. sales. | |
| 329. |
In production budget opening stock is deducted with . |
| A. | expense. |
| B. | sales. |
| C. | purchase. |
| D. | material. |
| Answer» B. sales. | |
| 330. |
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? |
| A. | Rs. 4,50,000. |
| B. | Rs. 4,75,000. |
| C. | Rs. 5,25,000. |
| D. | Rs. 5, 50,000. |
| Answer» B. Rs. 4,75,000. | |
| 331. |
If selling price is Rs. 25,000 and profit is Rs. 5,000 then what is the percentage of profit on cast? |
| A. | 20%. |
| B. | 25%. |
| C. | 33.33%. |
| D. | 35%. |
| Answer» B. 25%. | |
| 332. |
Material control involves . |
| A. | consumption of material |
| B. | issue of material. |
| C. | purchase of material. |
| D. | purchase, storage and issue of material. |
| Answer» C. purchase of material. | |
| 333. |
Material requisition is meant for . |
| A. | purchase of material. |
| B. | supply of material from stores. |
| C. | sale of material. |
| D. | storage of material. |
| Answer» B. supply of material from stores. | |
| 334. |
Stock control through stock levels and EOQ is called . |
| A. | demand and supply method. |
| B. | perpetual inventory system. |
| C. | control by important and exception. |
| D. | automatic order method. |
| Answer» B. perpetual inventory system. | |
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