A flexible budget is an estimate of what revenues and costs should have been, given the level of activity that had been planned for the period.

Name: A flexible budget is an estimate of what revenues and costs should have been, given the level of activity that had been planned for the period.
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Question

Quizplus · Accepted Answer

A flexible budget adjusts for the actual level of activity, not the planned level, allowing for a more accurate comparison of actual costs and revenues to budgeted figures.

A Flexible Budget Is an Estimate of What Revenues and Costs