The difference between a fixed budget and a flexible budget is:
A) A fixed budget assumes a given level of production and sales and a flexible budget can accommodate different levels of production
B) A fixed budget considers fixed costs only, a flexible budget considers fixed and variable costs of production
C) A fixed budget is for a single department, a flexible budget covers a range of departments and units
D) A fixed budget is modified annually, a flexible budget is modified monthly
Correct Answer:
Verified
Q10: An approach to producing a budget which
Q11: Which of the following is not an
Q12: Which of the following statements is correct?
A)
Q13: A cash budget includes receipts that don't
Q14: A budget includes all of the following
Q16: The starting point of producing the master
Q17: Which of the following is not an
Q18: XYZ company had budget sales of £120,000,direct
Q19: An approach to producing a budget which
Q20: Which approach to producing a budget,associated with
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