Fixed budgeting involves:a.Adjusting the budget periodicallyb.Allocating resources based on flexible needsc.Creating a budget based on a fixed level of activityd.Setting variable costs as the budgetary targetClear my choice

Fixed budgeting involves:

a. Adjusting the budget periodically: This step involves reviewing and making changes to the budget at regular intervals. It allows for adjustments to be made based on changes in circumstances or new information.

b. Allocating resources based on flexible needs: In fixed budgeting, resources are allocated based on the anticipated needs of the organization. This means that the budget is designed to meet the specific requirements of the organization, taking into account factors such as production levels, sales targets, and operational needs.

c. Creating a budget based on a fixed level of activity: Fixed budgeting involves creating a budget based on a predetermined level of activity. This means that the budget is set based on a specific volume of production or sales, and does not take into account any fluctuations or changes in activity levels.

d. Setting variable costs as the budgetary target: In fixed budgeting, variable costs are set as the target for the budget. This means that the budget is designed to control and manage variable costs, such as raw materials, labor, and other expenses that vary based on the level of activity.

Overall, fixed budgeting involves setting a budget based on a fixed level of activity and allocating resources accordingly, with a focus on controlling and managing variable costs.