A flexible budget can be prepared for which of the following budgets comprising the master budget?
A) Sales
B) Overhead
C) Direct materials
D) All of these

Question

Quizplus · Accepted Answer

A flexible budget can be prepared for all the budgets comprising the master budget as it adjusts the budgeted figures to reflect the variations in the actual level of activity. When the level of activity changes, the flexible budget can be used to re-calculate the budgeted figures and to compare the actual results with the revised budgeted figures.

A Flexible Budget Can Be Prepared for Which of the Following