Budgets and Budgeting Cycle MCQ with Answers PDF Download – Test 4

MCQ 16: The part of the master budget, which covers the capital expenditures, budgeted statement of cash flows and balance sheets are classified as:

1. financial budget
2. capital budget
3. cash flows budget
4. balanced budget

MCQ 17: When the fixed cost is divided into contribution margin per unit, it gives:

1. fixed output
2. variable output
3. breakeven number of units
4. total number of units

MCQ 18: The range in which relationship exists between level of activity or total cost is called:

1. functional range
2. relevant range
3. unit range
4. related range

MCQ 19: The relationship based on unrelated level of activity and past data of cost is measured with the help of:

1. cost estimation
2. price estimation
3. unit estimation
4. production estimation

MCQ 20: The model which states decline in extra time needed to produce last unit, every time for the cumulative quantity of doubled units produced is classified as:

1. incremental unit average model
2. incremental cost learning model
3. incremental unit time learning model
4. incremental price learning model