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Class 12 · Business Studies · Hard

When will it be appropriate to treat insurance premium as fixed cost?

Class 12 · Business Studies · Hard

What is the main reason for treating sales commission as a variable cost?

Class 12 · Business Studies · Hard

Classification of fixed and variable cost in a budget is most helpful in which analysis?

Class 12 · Business Studies · Hard

If the material budget is too low what will be the effect on production plan?

Class 12 · Business Studies · Hard

If excessive purchase is kept in material budget which result is possible?

Class 12 · Business Studies · Hard

What is the main purpose of keeping standard cost in a budget?

Class 12 · Business Studies · Hard

If an adverse variance occurs due to a sudden increase in government tax rate why may blaming the department be wrong?

Class 12 · Business Studies · Hard

Why is it necessary to separate controllable and uncontrollable expenses in a budget?

Class 12 · Business Studies · Hard

Which basis will be considered most logical while choosing a budget period?

Class 12 · Business Studies · Hard

If a budget shows estimated profit but cash shortage what is the most correct analysis?

Class 12 · Business Studies · Hard

What is the basic difference between operating budget and capital budget?

Class 12 · Business Studies · Hard

Which decision will be the most suitable example of capital budgeting?

Class 12 · Business Studies · Hard

If actual expense is lower than budget but product quality has also declined what should be concluded?

Class 12 · Business Studies · Hard

Why is a master budget considered broader than separate departmental budgets?

Class 12 · Business Studies · Hard

When managers show lower income and higher expenses to make targets easier what can this be called?

Class 12 · Business Studies · Hard

What is the most correct use of a budget manual?

Class 12 · Business Studies · Hard

In which situation will a flexible budget prove more useful than a fixed budget?

Class 12 · Business Studies · Hard

Credit sales are high but cash collection is delayed. Which budget will be especially important in this situation?

Class 12 · Business Studies · Hard

If shortage of raw material is the main constraint what should be considered first while preparing the budget?

Class 12 · Business Studies · Hard

What is the most appropriate managerial response when an adverse variance is found in budgetary control?