A budget which is prepared in a manner so as to give the budgeted cost for any level of activity is ...........

Costing - Phase (I & II) Basics of Cost Control and Analysis

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A budget which is prepared in a manner so as to give the budgeted cost for any level of activity is known as:

Master budget

Zero base budget

Functional budget

Flexible budget

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Explanation:

Flexible Budget recognizes the difference between fixed, semi-variable and variable cost and is designed to change in relation to activity attained. It is a budget which, by recognizing the difference in behaviour between fixed and variable costs in relation to fluctuations in output, turnover, or other variable factors such as number of employees, is designed to change appropriately with such fluctuations.