Top 150+ Solved Cost and Management Accounting (CMA) MCQ Questions Answer
Q. …….budget may be classified into material cost budget, labour cost budget andoverhead budget.
a. cost of production
b. purchase
c. sales
d. cash
Q. ………budget gives an estimate of the anticipated receipts and payment of cashduring the budget period.
a. sales
b. production
c. cash
d. master
Q. ……….is the consolidated summary of the various functional budgets.
a. master budget
b. sales budget
c. performance budget
d. cash budget
Q. …………..budget is designed to remain unchanged irrespective of the volume ofoutput or turnover attained.
a. master
b. fixed
c. flexible
d. all of these
Q. ……….budget gives differentbudgeted costs for different levels of activity.
a. master
b. fixed
c. flexible
d. all of these
Q. …………………budget is the preparation of budget starting from aclean state.
a. performance
b. zero base
c. cash
d. none of these
Q. …………is a summary of all function budgets in a Capsule form.
a. master budget
b. sales budget
c. performance budget
d. cash budget