Practice Cost Accounting Multiple Choice Questions with Answers Quiz-3

Q.1.

Cash Budget is a ……………….budget.

Q.2.

Sales budget is a

Q.3.

……………..determines the priorities of functional budget.

Q.4.

……………….is a summary of all function budgets in a Capsule form.

Q.5.

Activity Ratio =

Number of actual working days in a period x 100 Number of working days in the budget period
Actual hours worked x 100 Budgeted hours
Standard hours for actual production x 100 Actual hours worked
Standard hours for actual productionx 100

Q.6.

Efficiency Ratio=

Number of actual working days in a period x 100 Number of working days in the budget period
Actual hours worked x 100 Budgeted hours
Standard hours for actual production x 100 Actual hours worked
Standard hours for actual productionx 100 Budgeted standard hours

Q.7.

Capacity Ratio =

Number of actual working days in a period x 100 Number of working days in the budget period
Actual hours worked x 100 Budgeted hours
Standard hours for actual production x 100 Actual hours worked
Standard hours for actual productionx 100 Budgeted standard hours

Q.8.

Calendar Ratio =

Number of actual working days in a period x 100 Number of working days in the budget period
Actual hours worked x 100 Budgeted hours
Standard hours for actual production x 100 Actual hours worked
Standard hours for actual productionx 100 Budgeted standard hours

Q.9.

…………………budget is the preparation of budget starting from aclean state.

Q.10.

…………………budget gives differentbudgeted costs for different levelsof activity.