Q.

The primary difference between a fixed budget and a variable(flexible) budget is that a fixed budget:

A. Includes only fixed costs, while a variable budget includes only variable costs.
B. Is concerned only with future acquisitions of fixed assets, while a variable budget is concerned with expenses which vary with sales.
C. Cannot be changed after the period begins, while a variable budget can be changed after the period begins.
D. Is a plan for a single level of sales(or other measure of activity), while a variable budget consists of several plans, one for each of several levels of sales (or other measure of activity)
Answer» D. Is a plan for a single level of sales(or other measure of activity), while a variable budget consists of several plans, one for each of several levels of sales (or other measure of activity)
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