In this type of budget,the master budget is based on a single prediction for sales volume,and the budgeted amount for each cost essentially assumes that a specific amount of sales will occur:
A)Sales budget.
B)Standard budget.
C)Flexible budget.
D)Fixed budget.
E)Variable budget.

Question

Quizplus · Accepted Answer

A fixed budget is based on a single prediction for sales volume and assumes that a specific amount of sales will occur. The budgeted amounts for each cost are essentially fixed and do not change, regardless of whether actual sales volume is higher or lower than predicted.

In This Type of Budget,the Master Budget Is Based on a Single