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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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