CA Inter Budget and Budgetary Control — practice questions
25 free MCQs with worked solutions. Tap any question for the answer + explanation, or practice them all in the app.
Practice CA Inter Budget and Budgetary Control in the app →A budget is a quantitative plan prepared:Forecast differs from budget because forecast is:The principal budget factor (key factor) is:Functional budgets are subordinate to the:Zero-base budgeting starts each year from:Flexible budget changes with:Production budget starts from:Cash budget is prepared by:Performance budgeting links resources with:Sales budget at 1,00,000 units × ₹50 unit price = ₹50,00,000. If actual is 95,000 units at the same price, salBudgetary control variances are followed by:Continuous (rolling) budget means:Budget committee in a firm is responsible for:Fixed cost ₹3,00,000; variable cost ₹40 per unit; selling price ₹100. At 10,000 units, flexible-budget profit Same data: at 12,000 units, flexible-budget profit equals:Materials budget for production of 5,000 units; standard material per unit 3 kg; opening RM 2,000 kg; closing Production budget for sales 50,000 units, opening FG 6,000, closing FG 5,000. Production required:Sales budget for the year is 1,20,000 units split equally across four quarters. With seasonal index 80%, 110%,If actual sales are 1,05,000 units versus budget of 1,00,000 units at standard contribution of ₹20, the sales Cash budget receipts: opening cash 10,000; sales receipts 60,000; payments 50,000. Closing cash equals:Master budget includes:ZBB rejects:Programme budgeting allocates resources to:Limitations of budgeting do NOT include:Activity-based budgeting allocates cost to: