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

Related Mcqs:

1. The budget which is planned around a single output level is called _________?

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

2. If an actual result is $5500 and corresponding amount of flexible budget on the basis of actual level of output is $3500, then flexible budget variance will be ___________?

   A. $2,500 B. $5,500 C. $3,500 D. $2,000...

3. If an actual result is $5500 and corresponding amount of flexible budget on the basis of actual level of output is $3500, then flexible budget variance will be __________?

   A. $2,500 B. $5,500 C. $3,500 D. $2,000...

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

   A. serial correlation B. marketing plan C. financial plan D. both B and C...

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. 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...

7. The difference between actual result and corresponding amount of flexible budget, on the basis of actual level of output is classified as ____________?

   A. sales mix variance B. sales volume variance C. flexible budget variance D. static budget variance...

8. The level of used input to achieve a determined level of output is termed as ____________?

   A. efficiency B. effectiveness C. growth evaluation D. performance evaluation...

9. In the activity based costing method implementation, an output unit level costs are classified as ____________?

   A. indirect costs B. direct cost C. labor cost D. raw material cost...

10. 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...