For which of the budgets in the master budget can a company prepare a flexible budget?
A)only the sales budget
B)only the income statement budget
C)only the budgets that reflect operations
D)all of the budgets

Question

Quizplus · Accepted Answer

A flexible budget can be prepared for all of the budgets in the master budget, as it allows for adjustments to be made based on changes in actual results compared to budgeted amounts. This includes the sales budget, income statement budget, and the budgets that reflect operations such as the production budget and the cash budget.

For Which of the Budgets in the Master Budget Can