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Which of the following statements is true? Multiple Choice A flexible budget is a comparison...

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Accounting

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Which of the following statements is true? Multiple Choice A flexible budget is a comparison of actual revenues and costs at the actual level of activity to the actual revenues and costs incurred at the planned level of activity. A flexible budget is an estimate of what revenues and costs should have been given the planned level of activity for the period. A flexible budget is an estimate of what revenues and costs should have been given the actual level of activity for the period. A flexible budget is a comparison of actual revenues and costs to what they should have been given the planned level of activity

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