The master budget includes all the projections of company’s budget and focuses on __________?

Related Mcqs:

1. The master budget, which is based on the planned output level at the start of budget period is considered as ____________?

   A. static budget
   B. varied budget
   C. marketing budget
   D. methodological budget

2. If the sales budget variance is $47000 and the flexible budget amount is $77000, then the static budget amount will be __________?

   A. $144,000
   B. $134,000
   C. $124,000
   D. $30,000

3. If the static budget is $405000 and the flexible budget amount is $620000, then the sales budget variance will be ___________?

   A. $215,000
   B. $315,000
   C. $415,000
   D. $515,000

4. If the static budget is $208000 and the flexible budget amount is $305000, then the sales budget variance will be ___________?

   A. $67,000
   B. $97,000
   C. $57,000
   D. $47,000

5. If the sales budget variance for operating income is $68000 and the static budget amount is $19000, then flexible budget amount will be ____________?

   A. $47,000
   B. $57,000
   C. $87,000
   D. $97,000

6. If the sales budget variance is $57000 and the flexible budget amount is $97000, then the static budget amount will be _____________?

   A. $40,000
   B. $154,000
   C. $164,000
   D. $124,000

7. If the sales budget variance for operating income is $58000 and the static budget amount is $15000, then flexible budget amount will be _____________?

   A. $43,000
   B. $73,000
   C. $63,000
   D. $53,000

8. The mathematical relationships exist between operating and financing activities that affect master budget are called _____________?

   A. math plan model
   B. financial planning models
   C. operating plan models
   D. master plan models

9. The part of the master budget, which covers the capital expenditures, budgeted statement of cash flows and balance sheets are classified as ___________?

   A. financial budget
   B. capital budget
   C. cash flows budget
   D. balanced budget

10. The difference between master budget capacity and practical capacity is considered as ________?

    A. normal used capacity
    B. unplanned and unused capacity
    C. planned unused capacity
    D. unplanned used capacity