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