A flexible budget is a series of static budgets at different levels of activities.

Name: A flexible budget is a series of static budgets at different levels of activities.
Brand: Quizplus
Rating: 4.9 (34 reviews)

Question

Quizplus · Accepted Answer

A flexible budget differs from a static budget in that it adjusts for changes in volume or level of activity. It is still a budget, but it accounts for the variability that can occur in business operations. Therefore, it consists of a series of budgets for different levels of activity or production.

A Flexible Budget Is a Series of Static Budgets at Different