The flexible budget total cost formula applies ONLY to a specific relevant range.

Name: The flexible budget total cost formula applies ONLY to a specific relevant range.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The concept of flexible budgeting is based on the assumption that costs will vary within a certain relevant range of activity. Therefore, the flexible budget total cost formula is only applicable within that range and may not be accurate if activity levels go beyond it.

The Flexible Budget Total Cost Formula Applies ONLY to a Specific