A fixed budget is one which :

CS Executive · Cost and Management Accounting · PYQS · June 2017
A fixed budget is one which :
(A) is a plan for capital expenditure in monetary terms
(B) is designed to remain unchanged irrespective of the volume of output or turnover attained
(C) deals with income and expenditure applicable to a particular function
(D) deals with none of these

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Budgeting

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