A summary of expected costs for a range of activity levels that is geared to changes in the level of productive output is the definition of a
A)continuous budget.
B)flexible budget.
C)master budget.
D)period budget.

Question

Quizplus · Accepted Answer

A flexible budget is designed to adjust for changes in the level of productive output, providing expected costs for a range of activity levels. This allows for better control and planning as actual output levels can be compared to the flexible budget to identify any variances that may require attention. Continuous budgeting involves updating the budget continuously throughout the year, while a master budget is an overall budget that includes all aspects of a company's operations. A period budget is a budget that covers a specific period of time.

A Summary of Expected Costs for a Range of Activity