Any profit difference between the master and flexible budgets is due solely to the difference between budgeted and actual sales.

Name: Any profit difference between the master and flexible budgets is due solely to the difference between budgeted and actual sales.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This statement is true. The flexible budget adjusts for actual sales and therefore any differences between the master and flexible budgets are solely due to the difference between actual and budgeted sales.

Any Profit Difference Between the Master and Flexible Budgets Is