Q515
Budget which calculates expected revenues and expected costs, based on actual output quantity is named as
A.
flexible budget
AnswerB.
fixed budget
C.
variable budget
D.
multiplied budget
Answer: Option A
Solution
Answer: Option A
Solution:
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.