Static and flexible budgets are similar in that:
A) They both are based on the same per-unit variable amounts and the same fixed costs.
B) They both concentrate solely on costs.
C) They both are prepared for multiple activity levels.
D) None of these answers are correct.

Question

Quizplus · Accepted Answer

Static and flexible budgets are similar because they both are based on the same per-unit variable amounts and the same fixed costs.

Static and Flexible Budgets Are Similar in That