1.............budget is a forecast of quantities and values of sales to be achieved in a budget period.

(A) Sales (B) Purchase (C) Production (D) Material

2. Quantity and quality of each material needed in......budget

(A) Sales (B) Purchase (C) Production (D) Material

3. Which budget is the summary budget incorporating its component as functional budgets and which is finally approved, adopted and employed?

Unit Test :-4

(A) Sales (B) Master (C) Production (D) Material 4. How many methods are in Sales budgets?

(A) 4

(B) 5

(C) 6

(D) None of the above

5. A..........is a structural determinant of cost related activity.

(A) Cost driver (B) Cost pool (C) Both A & B (D) None of the above