Which budget allows the determination of expected costs for various levels of activity?
A)operational budget
B)capital budget
C)static budget
D)flexible budget

Question

Quizplus · Accepted Answer

A flexible budget allows the determination of expected costs for various levels of activity. It is designed to adjust and adapt to changes in activity levels and allows for better forecasting of costs. The operational budget focuses on day-to-day expenses, the capital budget focuses on long-term investment decisions, and the static budget is based on a fixed level of activity and cannot adjust to changes.

Which Budget Allows the Determination of Expected Costs for Various