For which of the budgets in the master budget will a company prepare a flexible budget?

Question

Quizplus · Accepted Answer

A flexible budget is prepared for all of the budgets included in the master budget. This includes the sales budget, income statement budget, and the budgets that reflect operations such as the production budget, direct materials budget, and labor budget. A flexible budget allows for adjustments to be made to account for changes in actual results and helps a company to better manage its finances and resources.

For Which of the Budgets in the Master Budget Will