An activity-based budget is based on budgeted costs for every activity and related cost driver.

Name: An activity-based budget is based on budgeted costs for every activity and related cost driver.
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An activity-based budget is a budgeting method that assigns costs to each activity of an organization and related cost driver. This helps in identifying the significant cost drivers and reducing unnecessary costs by improving efficiency in the activities.

An Activity-Based Budget Is Based on Budgeted Costs for Every