Asked by
Farshid Hasnat
on Oct 15, 2024
Verified
Another name for a static budget is a variable budget.
Static Budget
A fixed budget that remains unchanged over a period, regardless of variations in actual sales volume, production levels, or other operating factors.
Variable Budget
Variable Budget is a budget that adjusts based on changes in the volume of activity, allowing expenses to vary in direct proportion to changes in operational levels.
- Acquire insight into the differences between fixed and variable budgets.
Verified Answer
MG
Learning Objectives
- Acquire insight into the differences between fixed and variable budgets.