Which of the following statements regarding budgets is not true? Group of answer choices ...
80.2K
Verified Solution
Link Copied!
Question
Accounting
Which of the following statements regarding budgets is not true? Group of answer choices Comparing actual costs to a planning budget is not a good way to assess whether variable costs are under control. The main difference between a flexible budget and a planning budget is that the planning budget is not adjusted for changes in the level of activity. Fixed costs are not included in a flexible budget because they do not change when the level of activity changes. A flexible budget allows managers to compare actual costs to what the budgeted costs should have been, given the actual level of activity.
Which of the following statements regarding budgets is not true?
Group of answer choices
Comparing actual costs to a planning budget is not a good way to assess whether variable costs are under control.
The main difference between a flexible budget and a planning budget is that the planning budget is not adjusted for changes in the level of activity.
Fixed costs are not included in a flexible budget because they do not change when the level of activity changes.
A flexible budget allows managers to compare actual costs to what the budgeted costs should have been, given the actual level of activity.
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!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.