Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. which of the following statements is true about a

Which of the following statements is true about a flexible budget? a.A flexible budget does...

60.1K

Verified Solution

Question

Accounting

Which of the following statements is true about a flexible budget? a.A flexible budget does not adjust for changes in activity levels. b.A flexible budget is used by many service companies to reduce fixed overhead budget variance. c.A flexible budget helps in comparing actual costs to the budgeted costs of actual levels. d.A flexible budget shows the expected results of a responsibility center for only one activity level.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Accounting
1.2K views

When preparing a statement of cash flow using the indirectmethod, I know we start...

Finance
1.2K views

what are the advatages and disadvatages of governemnt safety net ?

Advance Math
1.2K views

Assume the a star orbits the center of the Galaxy in 340 million years at a...

Accounting
1.2K views

Excalibur Corporation sells video games for personal computers. The unadjusted trial balance as of December 31,...

Geometry
1.2K views

What are the corresponding parts of the fig L 17 m 108 12 m K...

Basic Math
1.2K views

Find the indicated intercept s of the graph of the function x 7x x 3x...

Basic Math
1.2K views

Following the birth of a child, a parent wants to make an initial investment Po...

Algebra
1.2K views

5 If y varies jointly as a and 2 and y 24 when x 3...

Accounting
1.2K views

Percentage-of-completion method. Dalton Construction Co. contracted to build a bridge for $8,000,000. Construction began in...

Accounting
1.2K views

A loan is amortized by level monthly payments paid at the end of every month....

Accounting
1.2K views

Question 7 Not yet answered Marked out of 1.00 Flag question ...

Finance
1.2K views

Under the Basel II accords, how is operational risk capital calculated under the Basic Indicator...