Business Studies · Management Accounting
Which of the following statements correctly applies to a flexible budget?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1It is designed to change and be amended in response to changes in the level of activity.✓
- 2It is produced before the control period and not subsequently changed in response to variations.
- 3It is amended solely in response to changes in individual unit costs.
- 4It is continuously updated by adding another accounting period when the earliest period ends.
Correct answer
It is designed to change and be amended in response to changes in the level of activity.
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