Budget which calculates expected revenues and expected costs, based on actual output quantity is named as

A. flexible budget

B. fixed budget

C. variable budget

D. multiplied budget

Answer: Option A

Solution(By Examveda Team)

Budget which calculates expected revenues and expected costs, based on actual output quantity is named as flexible budget. A flexible budget, also called a variable budget, is financial plan of estimated revenues and expenses based on the current actual amount of output.