The amounts in a flexible budget are based on one expected level of sales or production.

Name: The amounts in a flexible budget are based on one expected level of sales or production.
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Question

Quizplus · Accepted Answer

A flexible budget is designed to adjust to changes in activity levels or sales volume. It includes a range of activity levels and the corresponding costs for each level. Therefore, the amounts in a flexible budget are not based on one expected level of sales or production, but rather on a range of possible levels.

The Amounts in a Flexible Budget Are Based on One