A flexible budget is a budget prepared for a different level of volume than that which was originally anticipated.

Question

Quizplus · Accepted Answer

A flexible budget is designed to adjust to changes in volume or activity levels, making it an effective tool for managing costs and predicting performance. It allows for a more accurate reflection of actual costs and revenues based on the level of activity, as opposed to a static budget which remains fixed regardless of changes in volume.

A Flexible Budget Is a Budget Prepared for a Different