_____________ specifies the estimated quantity and cost of material during different volumes of production.

Case budget

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Material budget

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Production budget

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Sales budget

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is B Material budget
Material budget specifies the estimated quality and cost of material during different volumes of production.
It is the budget prepared to show the quality of direct material and raw materials required to manufacture a product.

Suggest Corrections

Similar questions

Q. ______________ specifies the volume of production during a period(s).

Q. Budget expenditure refers to the estimated expenditure of the government during a given fiscal year.

The production function specifies the maximum output that can be produced with a given quantity of inputs. It is defined for a given state of engineering and technical knowledge.

Q. If the original cost of a machine is Rs.

170, 000

, estimated scrap value Rs.

20, 000

, what is the depreciation if production during the first year is

6, 000

and total estimated production during the working life of the machine is

60, 000

units.

Q. During a period of increased demand for the firm's produce in the market, the firm took a bank overdraft, bought raw materials with that amount and increased production this is a case of:

Join BYJU'S Learning Program

_____________ specifies the estimated quantity and cost of material during different volumes of production.

The correct option is B Material budgetMaterial budget specifies the estimated quality and cost of material during different volumes of production.It is the budget prepared to show the quality of direct material and raw materials required to manufacture a product.

The correct option is B Material budget
Material budget specifies the estimated quality and cost of material during different volumes of production.
It is the budget prepared to show the quality of direct material and raw materials required to manufacture a product.