Economics · Cost Accounting
The basic operational difference between a flexible budget and a fixed budget is that a fixed budget is:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Concerned only with fixed expenses, whereas a flexible budget includes variable expenses.
- 2Designed for a single level of activity, whereas a flexible budget is prepared for different activity levels.✓
- 3Statutorily unchangeable, whereas a flexible budget can be easily modified post-facto.
- 4Prepared for a long period, whereas a flexible budget is for a short period.
Correct answer
Designed for a single level of activity, whereas a flexible budget is prepared for different activity levels.
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