A budget designed for a specific planned output level and is not adjusted to the level of activity attained is known as:

CS Executive · Cost and Management Accounting · PYQS · June 2019
A budget designed for a specific planned output level and is not adjusted to the level of activity attained is known as:
(A) Fixed budget
(B) Master budget
(C) Zero base budget
(D) Flexible budget

Answer & Explanation:

Correct Answer: Option (A)

Official answer key: (A).

Topics: Budgeting

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