In budgeting, what does a 'flexible budget' allow for?

Practice Questions

1 question
Q1
In budgeting, what does a 'flexible budget' allow for?
  1. Adjusting for actual activity levels
  2. Setting fixed costs
  3. Comparing with historical data
  4. Eliminating variable costs

Questions & Step-by-step Solutions

1 item
Q
Q: In budgeting, what does a 'flexible budget' allow for?
Solution: A flexible budget adjusts for actual activity levels, providing a more accurate comparison.
Steps: 4

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