A flexible budget is derived by dividing actual unit costs by the standard unit costs.

Name: A flexible budget is derived by dividing actual unit costs by the standard unit costs.
Brand: Quizplus
Rating: 4.8 (23 reviews)

Question

Quizplus · Accepted Answer

A flexible budget is a budget that adjusts or flexes for changes in the level of activity. It is typically created by using actual unit costs and actual activity levels, and then adjusting them for any changes in activity levels to show what the costs should be at different levels of activity.

A Flexible Budget Is Derived by Dividing Actual Unit Costs