Accounting · Budgetary Control
Consider the following statements regarding flexed budgets: 1. The flexed budget is prepared at the same level of activity as actual output. 2. The difference between the flexed budget profit and the actual profit shows the effect on profit of operating at a level of activity that differs from the expected level. Which of the above statements is/are TRUE?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both 1 and 2 are False
- 2Both 1 and 2 are True
- 31 is False, 2 is True
- 41 is True, 2 is False✓
Correct answer
1 is True, 2 is False
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