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Commerce · Q508

Costing

Graduate and Post Graduate · Commerce · question 508

Q508

Flexible budget amount is added to flexible budget variance to calculate

A.
static result
B.
actual result
Answer
C.
secondary result
D.
primary result

Answer: Option B

Solution

Answer: Option B
Solution:
Flexible budget amount is added to flexible budget variance to calculate actual result. A flexible budget, also called a variable budget, is financial plan of estimated revenues and expenses based on the current actual amount of output.