A flexible budget adjusts for changes in sales volume and other cost-drivers.

Name: A flexible budget adjusts for changes in sales volume and other cost-drivers.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A flexible budget is designed to adjust for changes in sales volume and other cost-drivers, such as changes in production levels, labor costs, and material costs. This allows for more accurate budgeting and forecasting, as well as better tracking of actual expenditures against budgeted amounts.

A Flexible Budget Adjusts for Changes in Sales Volume and Other