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Question
The ______ budget contains an estimate of the total volume of production week wise, month wise and product-wise.
Options
Production
Purchase
Cash
Sales
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Solution
The Production budget contains an estimate of the total volume of production week wise, month wise and product-wise.
Explanation:
The production budget is a forecast for the budget period's production. It is divided into two sections: a production volume budget for the physical units of the products to be created, and a cost of manufacturing budget that specifies the expenditures to be budgeted.
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RELATED QUESTIONS
What is a Production Budget?
What is a Budget?
The budget that forms the fundamental basis of all budgets and lays down the revenue goals of an enterprise is the ______.
Choose the Odd-One-Out:
A wise guide to have an overall view of family income and expenses:
- Insurance Policy
- Budgeting
- Bank Account
- Saving
A budget is tool which helps the management in planning and control of ______.
Budgets are an important tool of ______.
Explain the term ‘budget’.
How can the management of an organisation use the budgetary control system for planning and control?
The process of preparing budgets is known as ______.
Choose the Odd-One-Out:
Budgeting is
- Art and science of planning income
- Careful outline of spending money
- The first step in money management
- A type of investment
