The basic difference between a static budget and flexible budget is that:
| 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. |
Answer : D Explanation : |
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Option: A Explanation : Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. |
