A flexible budget separates fixed and variable costs to accurately reflect the effects of activity on cost.

Name: A flexible budget separates fixed and variable costs to accurately reflect the effects of activity on cost.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A flexible budget adjusts for changes in the volume of activity and separates costs into fixed and variable categories, allowing for a more accurate reflection of how costs are affected by changes in activity levels.

A Flexible Budget Separates Fixed and Variable Costs to Accurately