Flexible budgeting may be viewed as combining the concepts of budgeting and:
A)Incremental analysis.
B)Product costing.
C)Cost-volume-profit analysis.
D)Financial statement analysis.

Question

Quizplus · Accepted Answer

Flexible budgeting combines the concept of budgeting with cost-volume-profit analysis, allowing for adjustments in the budget based on changes in production or sales volumes. Incremental analysis is a decision-making technique, while product costing and financial statement analysis are not directly related to budgeting.

Flexible Budgeting May Be Viewed as Combining the Concepts of Budgeting