Sikkim-Manipal University of Health Medical and Technological Sciences (SMUHMTS) 2007 M.B.A Finance

36. Budgeting is time consuming as well as length.
a. actual b. False

37. ___________ is described as a budget designed to change in accordance with the level of activities truly attained.
a. Master Budget b. Current Budget
c. Flexible Budget d. Rolling Budget

38. Which of the subsequent is the advantage of budgetary control:
a. Master Budget b. Lays down objectives
c. Increase employee productivities d. All of the above

39. Match the following:
(i). The target of every part of an organization. (i) Budgeting
(ii). Process of preparing the budget. (ii) Budgetary control
(iii). Technique & process of fixing the target, preparing (iii) Budget
Budget & using as tool of planning and controlling.

40. __________ is an important tool of planning and cost control.
a. Budgetary b. Standard costing
c. Standard cost d. None of above

41. Which of the subsequent is not an element of cost.
a. Material b. Labour
c. Overheads d. None of above

42.
(i) It is set for cost only.
(ii) It include both income & expenditure.
(iii) It is more static.
(iv) It can be operated partially.
(v) Its figures are not for accounting.
(vi) It is projection of final accounting.

From the above which are the features of standard costing?
a. (i), (ii), (iii) b. (ii), (iii), (iv)
c. (i), (iii), (v) d. (ii), (iii), (v)

43. From the above which are the features of Budgetary control.
a. (i), (ii), (iii) b. (ii), (iii), (iv)
c. (i), (v), (vi) d. (i), (iv), (v)


44. From the above points (i) point is the feature of:
a. Budgetary control b. Budgeting
c. Marginal costing d. None of the above

45. Standard cost are used primarily as _______.
a. Tool of control b. Tool of costing
c. Measurement d. None of above

46. Variance is the difference ranging from ________ and true cost incurred during a period.

Earning:   Approval pending.