Flexible budgeting is a reporting system in which 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 allows for estimated costs to be shown at different levels of production volume, which allows for more accurate tracking of actual costs at varying levels of activity. The other choices are not characteristics of flexible budgeting.

Flexible Budgeting Is a Reporting System in Which The