Budget which calculates expected revenues and expected costs, based on actual output quantity is named as

A flexible budget
B fixed budget
C variable budget
D multiplied budget

Correct Answer: flexible budget

Budget which calculates expected revenues and expected costs, based on actual output quantity is named as flexible budget. A flexible budget, also called a variable budget, is financial plan of estimated revenues and expenses based on the current actual amount of output.
Bissoy MCQ
#Commerce #Costing

Related Questions

A certain company that sells only cars and trucks reported that revenues from car sales in 1997 were down 11 percent from 1996 and revenues from truck sales in 1997 were up 7 percent from 1996. If total revenues from car sales and truck sales in 1997 were up 1 percent from 1996, what is the ratio of revenue from car sales in 1996 to revenue from truck sales in 1996?
A 1 : 2
B 4 : 5
C 1 : 1
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