A flexible budget enables managers to compute a richer set of variances than a static budget does.

Name: A flexible budget enables managers to compute a richer set of variances than a static budget does.
Brand: Quizplus
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Quizplus · Accepted Answer

A flexible budget adjusts for changes in activity levels, allowing managers to calculate variances between actual and expected results for each activity level. This provides a more comprehensive analysis of performance compared to a static budget, which only accounts for one specific activity level.

A Flexible Budget Enables Managers to Compute a Richer Set