91
The concept of budget that requires all levels to work from scratch is
A)
flexible budget
B)
total budget
C)
master budget
D)
zero base budget
Answer & Solution
Answer: Option
D
92
Match the following.
List-I List-II
a. Performance budgeting
1. Fixed budget
b. Zero base budgeting
2. Production oriented
c. Summary of all functional budgets
3. Jimmy Carter
d. Remain unchanged irrespective of level of activity actually attained
4. Master budget
A)
a-3, b-4, c-1, d-2
B)
a-3, b-4, c-2, d-1
C)
a-2, b-4, c-1, d-3
D)
a-2, b-3, c-4, d-1
Answer & Solution
Answer: Option
D
93
Depreciation is . . . . . . . . expenditure.
A)
fixed
B)
variable
C)
adjustable
D)
semi-variable
Answer & Solution
Answer: Option
D
94
. . . . . . . . provides information for income determination.
A)
Financial accounting
B)
Cost accounting
C)
Management accounting
D)
None of these
Answer & Solution
Answer: Option
A
95
The break-even point in umts is calculated using
A)
fixed expenses and the contribution margin ratio
B)
variable expenses and the contribution margin ratio
C)
fixed expenses and the unit contribution margin
D)
variable expenses and the unit contribution margin
Answer & Solution
Answer: Option
C
96
The preparation of consolidated balance sheet of holding company and its subsidiary company is done as per
A)
AS 11
B)
AS 21
C)
AS 22
D)
AS 23
Answer & Solution
Answer: Option
B
97
Material price variance is the difference between standard and actual prices of materials used multiplied by . . . . . . . .
A)
Actual quantity of materials used
B)
Budgeted quantity of materials used
C)
Standard quantity of materials used
D)
Either A or B
Answer & Solution
Answer: Option
A
98
In case of materials the key factor may be.
A)
insufficient advertising
B)
restrictions imposed by quota
C)
low market demand
D)
shortage of power
Answer & Solution
Answer: Option
B
99
The deviation of the actual cost or profit or sales from the standard cost or profit or sale is known as . . . . . . . .
A)
Difference
B)
Variance
C)
Discrepancy
D)
Inconsistency
Answer & Solution
Answer: Option
B
100
Working capital requirement of a sugar mill is assessed as per
A)
traditional method of lending
B)
turnover method
C)
cash budget method
D)
None of the above
Answer & Solution
Answer: Option
C
