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Materiality Concept

A budget whic...

Question

A budget which is designed to remain unchanged irrespective of the activities actually attained is a __________.

A

Flexible budget

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B

Cash budget

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C

Fixed budget

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D

None of these

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Solution

The correct option is C Fixed budget
Budget can be classified as fixed budget and flexible budget.
Fixed Budget is that budget which does not changes with the level of sales/production or due to increase or decrease with the activity level. Fixed Budget is also called static budget.

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