The only difference between the static budget and flexible budget is that the static budget is prepared using actual prices charged and costs per units incurred.

Name: The only difference between the static budget and flexible budget is that the static budget is prepared using actual prices charged and costs per units incurred.
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Question

Quizplus · Accepted Answer

The only difference between the two budgets is output. The static budget is prepared based on planned output while the flexible budget is prepared based on actual output.

The Only Difference Between the Static Budget and Flexible Budget