Both the static budget and the flexible budget used for performance evaluation are developed before the period of actual production.

Name: Both the static budget and the flexible budget used for performance evaluation are developed before the period of actual production.
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Question

Quizplus · Accepted Answer

A static budget is developed before the period of actual production, but a flexible budget is adjusted during or after the period to reflect actual activity levels.

Both the Static Budget and the Flexible Budget Used for Performance