A planning budget based on a single predicted amount of sales or production volume is called a:

Question

Business

Apollo

13 September, 03:40

A planning budget based on a single predicted amount of sales or production volume is called a:

+4

Answers (1)

Know the Answer?

Camden Molina · Answer 1

Fixed budget

Explanation:

As the name suggests, the fixed budget is that budget in which the sales or production volume remains the same plus it is based on the planning budget.

This is also known as the static budget. The activity level remains constant plus it does not change in business fluctuations. All the items in this budget would remain same like - sales, sales commission criteria, and all other items