Master budget, which is based on planned output level at start of budget period is considered as

A static budget
B varied budget
C marketing budget
D methodological budget

Correct Answer: static budget

Master budget, which is based on planned output level at start of budget period is considered as static budget. A static budget is a budget in which the amounts will not change even with significant changes in volume. In contrast to a static budget, a company's sales department might have a flexible budget. In the flexible budget, the sales commissions expense budget would be stated as a percentage of sales.

Related Questions

Budget which is planned around a single output level is called
A Local Authority is preparing cash Budget for its refuse disposal department. Which of the following items would not be included in the cash budget?

Next steps