Question

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

Answer: (a).static budget

Interact with the Community - Share Your Thoughts

Uncertain About the Answer? Seek Clarification Here.

Understand the Explanation? Include it Here.

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

Similar Questions

Explore Relevant Multiple Choice Questions (MCQs)

Q. The price variance for direct manufacturing labor is referred as

Q. If the input used in manufacturing is smaller in quantity and output produced is greater in quantity, this will be categorized under

Q. If the static budget variance is $46000 and the static budget amount is $15000, then an actual result would be

Q. If the budgeted input quantity is 350 units and efficiency variance is 100, then an actual input quantity will be

Q. If the budgeted input price is $80 and the price variance is $40, then an actual price will be

Q. If the price variance is $20 and the budgeted input price is $70, then an actual price will be

Q. An unfavorable variance in static budget is also known as

Q. If the price variance is $30 and the budgeted input price is $80, then an actual price would be

Q. If the actual cost is $265000 and the flexible budget cost is $156000, then the flexible budget variance will be

Q. Static budget variance for operating income is added in to static budget amount to calculate

Q. In management control, the point of reference for making the comparisons of performance is

Q. In the budget hierarchy, the material handling cost is

Q. If the actual payment to labor is $1200 and the budgeted rate is $1000, then the labor price variance would be

Q. An expected performance of the company is also known as

Q. The determined price at which the company expects to pay for every single unit is called

Q. If the actual result is $65000 and the static budget variance is $35000, then the static budget amount will be

Q. The consideration of increased operating income relative to budgeted amount is classified as

Q. If an actual price of material is $700 and the budgeted price is $900, then the

Q. If the static budget variance is $38000 and the static budget amount is $12000, then an actual result would be

Q. In costing and budgeting hierarchy, an example of product sustaining cost is

Recommended Subjects

Are you eager to expand your knowledge beyond Cost Accounting? We've handpicked a range of related categories that you might find intriguing.

Click on the categories below to discover a wealth of MCQs and enrich your understanding of various subjects. Happy exploring!