A flexible budget is:

CS Executive · Cost and Management Accounting · PYQS · December 2019
A flexible budget is:
(A) A budget that is adjusted to reflect different costs at different activity levels
(B) A budget that will be changed at the end of the month in order to reflect the actual costs of a department in the month
(C) A budget that comprises variable costs only
(D) A budget that is constantly being changed

Answer & Explanation:

Correct Answer: Option (A)

Official answer key: (A).

Topics: Budgetary Control

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