Flexible budgets can be prepared for sales budgets but not for productions budgets.

Name: Flexible budgets can be prepared for sales budgets but not for productions budgets.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Flexible budgets can be prepared for both sales and production budgets. A flexible budget is a budget that adjusts for changes in activity levels, allowing for more accurate forecasting and cost control. Both sales and production volumes can vary, making flexible budgets necessary for accurate financial planning.

Flexible Budgets Can Be Prepared for Sales Budgets but Not