A. advantages of budget
B. disadvantages of budget
C. advantages of costing method
D. disadvantages of costing method
Correct Answer: advantages of budget ✔
Last Updated: May 11, 2023
Related MCQs
- The budgeting method, which incorporates an improvement anticipated in budgeting period into budget numbers, can be classified as __________?
- The part of the master budget, which covers the capital expenditures, budgeted statement of cash flows and balance sheets are classified as __________?
- The third step in developing operating budget is __________?
- If the indirect manufacturing labor is $20000, power cost is $5000, maintenance and supplies are of $10000 then the manufacturing budget will be __________?
- The last step in developing operating budget is __________?
- The document, which contains the information about the used material sequence, detail and quantity of raw material is classified as __________?
- The plan of action; how an organization meets its opportunities and capabilities is classified as __________?
- The budgeted income statement and the supporting budget schedules are categorized under __________?
- The budget sales, plus target ending finished goods inventory, minus beginning finished goods inventory is equal to __________?
- The higher and accurate budgeted profit forecast of managers lead to __________?
- The starting point in the operating budget is __________?
- The quantitative expression, of action plan by the management of the firm for a specified period of time is classified as __________?
- The budget plan in many companies is also referred as __________?
- The practice, which makes target more achievable by underestimating revenues or overestimating cost is called __________?
- The better administration of budget in budgeting plans require:__________?
- In Kaizen budgeting, the costs are based on all the improvements which is __________?
- The degree of influence that a manager would have on the revenues, cost, profit and investment is known as __________?
- The cash receipts are added in to beginning cash balance to calculate __________?
- The direct labor, salary outlays and direct material purchases are classified as __________?
- The model which refers possibility for management to conduct sensitivity analysis can be categorized under __________?
- The fourth step in development of operating budget is to __________?
- The continuous budget is also known as ________?
- The first step in developing an operating budget is to __________?
- The factor which provides hedge to managers in adverse and unexpected circumstances is known as __________?
- The schedule of expected disbursements and cash receipts is considered as __________?
- The centers such as revenue, cost, investment and profit all are known as __________?
- The cash sales, accounts receivables and rental receipts all are known as __________?
- If the budget sales units are 8000, the ending inventory is 2000 units and the beginning inventory is 3000, then the budget production would be __________?
- The balancing of all aspects of products or services and all the departments in the company are classified as __________?
- The second step in developing operating budget is to __________?
- The budget which specifies an operating and financial plan, usually for a fiscal year or any specific period of time is classified as __________?
- The what-if technique, which examines changes in results, if original prediction would not be achieved is called __________?
- The master budget includes all the projections of company’s budget and focuses on __________?
- If the budget sales units are 2000, an ending inventory is 3000 units and the beginning inventory is 1000, then the budget production would be __________?
- The type of accounting, which focuses on whom should be asked for information and whom not, will be categorized as __________?
- The mathematical relationships exist between operating and financing activities that affect master budget are called __________?
- The non-financial and financial aspects of the plan by the company management, is classified as __________?
- An act of making sure, that all the employees must understand the goals is classified as __________?
- The type of plan of a company, which quantities the expectations of cash flows, income and financial position is known as __________?
- The financial statements and the budget plans of some companies are also called __________?
- The budget, which predicts the effect of given level of operations on a cash position is classified as __________?
- If the budget sales units are 5000, the ending inventory is 4000 units and the beginning inventory is 1000, then the budget production will be __________?
- The focus on budget cost of all the activities necessary to sell and produce market offerings is known as _________?
- The type of budget, which is always available for the specified period of future is called __________?
- In master budgeting, the cost drivers for manufacturing overhead costs are __________?
- The cost influences by the responsibility center manager who is considered as __________?