Economics · Management Accounting
Which of the following combinations represents statements that are correct about a flexible budget? 1. It allows managers to plan for alternative contingencies. 2. It makes no differentiation between fixed and variable costs. 3. It assists in identifying limiting factors. 4. It provides useful control information by comparing actual costs with budgeted costs at the actual level of activity.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11, 2 and 4
- 21, 3 and 4✓
- 32, 3 and 4
- 41, 2 and 3
Correct answer
1, 3 and 4
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