3
Question
"A budget designed to furnish budgeted costs for any level of activity actually attained" is called as _________.
"A budget designed to furnish budgeted costs for any level of activity actually attained" is called as _________.
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Solution
The correct option is C Flexible budget
Budget can be segregated in to two types i.e. static or fixed budget and flexible budget. Flexible Budget is that budget which adjust for the changes in the volume of activity. The flexible budget id more useful than the static budget which remains at one amount regardless of the activity volume.
Budget can be segregated in to two types i.e. static or fixed budget and flexible budget.
Flexible Budget is that budget which adjust for the changes in the volume of activity. The flexible budget id more useful than the static budget which remains at one amount regardless of the activity volume.
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