The master budget, which is based on the planned output level at the start of budget period is considered as ____________?
Correct answer: D. static budget
- A. methodological budgetAccounting & Auditing
- B. varied budget
- C. marketing budget
- D. static budget
Explanation
A master budget fixed at the output level planned at the beginning of the period is a static budget. A flexible budget changes with the actual activity level, unlike this budget.
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About Cost Accounting
Cost accounting measures and analyses the cost of producing goods or providing services for planning, control and pricing decisions. It covers direct and indirect costs, fixed and variable costs, job and process costing, break-even analysis, marginal costing, overhead allocation, and the difference between product cost and period cost.
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