Q.
1
  • A

    A flexible budget considers only variable costs but a static budget considers all costs.

     

  • B

    Flexible budgets allow management latitude in meeting goals, whereas static budget is based on fixed standards.

     

  • C

    A flexible budget is applicable for a single department only but a static budget for entire production facility.

     

  • D

    A flexible budget can be prepared for any production level within a relevant range but a static budget is based on one specific level of production.