Flexible budgeting is a reporting system wherein the:
A)Budget shows estimated costs at different levels of production volume.
B)Budget standards may be adjusted at will.
C)Reporting dates vary according to the levels of activity reported upon.
D)Statements included in the budget report vary from period to period.

Question

Quizplus · Accepted Answer

Flexible budgeting separates costs into fixed and variable elements and shows estimated costs at different levels of production volume.

Flexible Budgeting Is a Reporting System Wherein The