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

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

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Budget which is planned around a single output level is called
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