Q1166
What is the basic difference between a static budget and a flexible budget?
A.
A static budget is based on one specific level of production and a flexible budget can be prepared for any production level within a relevant range
AnswerB.
A static budget is for an entire production, but a flexible budget is applicable only to a single department
C.
Flexible budget allow management latitude in meeting goals, where as a static budget is based on a fixed standard
D.
A flexible budget considers only variable costs, but a static budget considers all costs
Answer: Option A
Solution
Answer: Option A
No explanation is given for this question Let's Discuss on Board