2616. A budget which is prepared in a manner so as to give the budgeted cost for any level of activity is known as:

✅ The correct answer is D.
A budget which is prepared in a manner so as to give the budgeted cost for any level of activity is known as Flexible budget. A flexible budget is a budget that adjusts or flexes with changes in volume or activity. The flexible budget is more sophisticated and useful than a static budget. (The static budget amounts do not change.