Question

In this type of control system, the master budget is based on a single prediction for sales volume, and the budgeted amount for each cost essentially assumes that a specific amount of sales will occur: Select one: a. Sales budget. b. Standard budget. c. Flexible budget. d. Fixed budget. e. Variable budget.

Answer 1

Answer:

(e) Variable budget

Explanation:

A budget is a money related arrangement for a characterized period, regularly one year. It might likewise incorporate arranged deals volumes and incomes, asset amounts, expenses and costs, resources, liabilities and incomes  

Variable budget plan, is monetary arrangement of evaluated incomes and costs dependent on the current real measure of yield.  

The board frequently utilizes variable spending plans before a period to foresee both a best case and more regrettable case situation for the up and coming bookkeeping period.