Which of the following is TRUE about a flexible budget?
Variant question
A)It is developed at the end of the period
B)It is based on the budgeted level of output
C)It provides favourable operating results
D)It is another name for management by exception

Question

Quizplus · Accepted Answer

A flexible budget is developed at the end of the period to compare actual results with what the budget would have been if the actual level of output had been known.

Which of the Following Is TRUE About a Flexible Budget