budget recognizes the difference between fixed semi variable and variable cost and is designed to c...........

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

____________budget recognizes the difference between fixed, semi-variable and variable cost and is designed to change in relation to activity attained.

Flexible Budget

Fixed Budget

Master Budget

Sales 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.