Management Accounting Test Questions

Q.  _______also known as subsidiary budgets.

a. Master budget
b. Functional budget
c. Cost budget
d. None of the above


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MCQs:  Calculate B.E.P if Fixed cost is Rs 1,50,000, Variable cost is Rs 2,00,000 and Profit is Rs 1,50,000.
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MCQs:  Given Sales in first and second year is Rs 80,000 and Rs 90,000 respectively. Also, profit is Rs 10,000 and Rs 14,000 respectively. What is the break-even point in rupees?
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MCQs:  Margin of safety is that sales which is above Break-even point.
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MCQs:  The standard which can be attained under the most favorable conditions possible.
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MCQs:  ________reflects a level of attainment based on high level efficiency which can be achieved.
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MCQs:  ________ requires constant revision according to the real circumstances.
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MCQs:  ________ is the first step of budgetary system and all other budgets depends on it.
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MCQs:   _______ is designed after assessment of the volume of output to be produced during budget period.
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MCQs:  While preparing direct materials budget, the price and quality of the raw materials are accounted.
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