54. A budget which is prepared in a manner so as to give the budgeted cost for any level of activity is known as:

CS Executive · Cost and Management Accounting · PYQS · June 2021
54. A budget which is prepared in a manner so as to give the budgeted cost for any level of activity is known as:
(A) Master budget
(B) Zero base budget
(C) Level budget
(D) Flexible budget

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Budgetary Control

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