Master budget, which is based on planned output level at start of budget period is considered as

A. static budget

B. varied budget

C. marketing budget

D. methodological budget

Answer: Option A

Solution(By Examveda Team)

Master budget, which is based on planned output level at start of budget period is considered as static budget. A static budget is a budget in which the amounts will not change even with significant changes in volume. In contrast to a static budget, a company's sales department might have a flexible budget. In the flexible budget, the sales commissions expense budget would be stated as a percentage of sales.