Question

which of the following budgets is developed for a single level of activity? a.dynamic budget b.static budget c.incremental budget d.zero-base budget

Answer 1

A static budget is developed for a single level of activity. The correct option is B.

What is a static budget in business?

A static budget is one that uses anticipated amounts for a given period prior to the period's start date. A static budget is distinct in that it does not change regardless of changes in revenue and expenses.

A static budget is created for one level of activity, whereas a flexible budget allows variable expenses to be adjusted for different levels of activity. Operating and financial budgets are subcategories of a master budget.

Thus, the ideal selection is option B.

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