A flexible budget contains:
A) Cost targets based on actual output for the period.
B) Cost targets based on planned output for the period.
C) Actual costs incurred for the actual output of the period.
D) Costs and revenues for the difference between planned and actual output.
E) Costs based on actual output of the period, and revenue based on master budgeted output.

Question

Quizplus · Accepted Answer

A flexible budget adjusts cost targets based on the actual output level, allowing for a more accurate comparison with actual costs incurred.

A Flexible Budget Contains