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WorksheetsBUDGETING
Total questions: 10
Worksheet time: 3mins
It’s a proactive approach to organizing your finances.
Budgetary Control
Budgeting
Incremental Budgeting
It is a number you arrive at by subtracting your estimated cost from revenue.
One-Time Expenses
Estimated Revenue
Profit
This is the money that travels in and out of the business.
Fixed Costs
Variable Costs
Cash Flow
is a combination of all other budgets prepared for a specific period. It shows the overall budget plan.
Master Budget
Production Budget
Sales Budget
gives the details of material purchases to be made in the budget period.
Materials Budget
Purchase Budget
Direct Labor Budget
It is a part of Overhead Budget where it includes the costs of framing policies, directing the organization and controlling the business operations.
Selling and Distribution Overhead Budget
Administration Overhead Budget
Manufacturing Overhead Budget
It is also known as variable or sliding sale budget, is a budget which is designed to furnish targeted costs for any level of activity actually attained.
Cash Budget
Fixed Budget
Flexible Budget
All are Method of Budgeting, except for?
Zero-Based Budgeting
Production Budgeting
Activity-Based Budgeting
Incremental Budgeting
Which is not an advantage of Incremental Budgeting?
Budgetary slack
Easy to implement
Funding stability
Operational stability
Which is not an advantage of Active-Based Budgeting?
Evaluation
Competitive edge
Resource consumption
Business as a unit
