The master budget, which is based on the planned output level at the start of budget period is considered as ____________?
Correct answer: A. static budget
- A. static budget
- B. varied budget
- C. marketing budget
- D. methodological budgetAccounting & Auditing
Explanation
A master budget fixed at the output level planned at the beginning of the period is a static budget. A flexible budget changes with the actual activity level, unlike this budget.
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
If the input used in manufacturing is smaller in quantity and output produced is greater in quantity, this will be categorized under ____________?
Static budget variance for operating income is added in to static budget amount to calculate __________?
In the budget hierarchy, the material handling cost is ___________?
If the actual price input is $500, the budgeted price of input is $300 and the actual quantity of input is 50 units, then the price variance would be __________?
If an actual input price is $70 and the budgeted input price is $40, then the price variance will be ____________?
An actual cost is subtracted from flexible budget cost to calculate ____________?