For what level of activity is a static budget prepared?
A) for past levels of activity
B) for several levels of activity
C) for the actual level of activity
D) for a particular level of activity

Question

Quizplus · Accepted Answer

A static budget is prepared for a particular level of activity. It is a budget that remains fixed, irrespective of the change in the actual level of activity. The budget is prepared on the basis of the estimated level of activity for the budget period.

For What Level of Activity Is a Static Budget Prepared