The budget which is planned around a single output level is called _________?
Correct answer: C. static budget
- A. marketing budget
- B. methodological budget
- C. static budget
- D. varied budget
Explanation
A static budget is prepared for one predetermined level of activity or output and does not change when actual output changes. A flexible budget, by contrast, adjusts for different activity levels.
Report an error
The more specific you are, the faster it gets fixed. A source beats an opinion.
Prefer email? support@testustad.com
About Cost Accounting
Cost accounting measures and analyses the cost of producing goods or providing services for planning, control and pricing decisions. It covers direct and indirect costs, fixed and variable costs, job and process costing, break-even analysis, marginal costing, overhead allocation, and the difference between product cost and period cost.
Practise Cost Accounting
941 free Cost Accounting MCQs from Accounting, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Exams that ask Accounting questions like this
Accounting is on 2 papers prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for every one of them.
More Cost Accounting questions
The actual price of material is less than budgeted price, this means that _________?
In cost accounting, the goal of variance analysis is to ___________?
In management control, an efficiency variance is also referred as __________?
An efficiency variance is 200 units and the actual input quantity is 500 units, then the budgeted input quantity will be __________?
The difference between actual input variance and the budgeted input variance is called __________?
A costing system, which focuses on individual activities as the particular cost object is classified as __________?