cost control and management Accounting

classification of budget

• cash budget

• monetary and physical

• as to their concent

• receipts and payments

• production budget

• Long term, short term,current

• as to their nature

• material, labour,factory

• as per their time

• fixed and flexible budget

flexible budget

• total sales

• profit

• semi variable expenses

  variable 25%, Fixed 75%

• fixed over heads

• material , labour, variable

Tera manufacturing expenses 50% capacity produces 10000 units for 80 % capacity what will be the units?

• 15000

• 20000

• 16000

• 18000

Calculate MCV

actual quantity is 100

Actual price is 600

Budgeted quantity 150

Budgeted price 650

• 37500(A)

• 36000(F)

• 45000(A)

• none

Match the following

• MPV

• (SQxSP)-(AQxAP)

• MUV

• SP(SQ-AQ)

• MCV

• AQ(SR-AR)

• MMV

• SP(RSQ-AQ)

• MVY

• (AY-SY) x Standard out price

material 10kgs Standard price is 4.00rs. Actual production is 500 units of product material used 3000kgs and price is 5.00 rs.

what is the missing figure to calculated material variances

• SQ 5000

• AQ 5000

• AP 4.00

• SP 5.00

Flexible budge 6000 units and 8000 units and 10000 units. Material price per unit is 70 rs for 6000 units, what is the value for 8000 and 10000 units.

Answer explanation

560000 and 700000

In Flexible budget Works overhead is (60% fixed) for Rupees 10.00 rs per unit what is the remaining value under semi variable over head.

• 4 Rs

• 3Rs

• 5Rs

• 7Rs