19. What is the main advantage of a flexible budget? a. It is easier to prepare than a static budget b. It can adapt to changes in activity levels and provide more accurate financial control c. It does not require regular revisions d. It is based on historical data

19. What is the main advantage of a flexible budget? a. It is easier to prepare than a static budget b. It can adapt to changes in activity levels and provide more accurate financial control c. It does not require regular revisions d. It is based on historical data

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter8: Budgeting

Section: Chapter Questions

Problem 1CMA: When compared to static budgets, flexible budgets: a. offer managers a more realistic comparison of...

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Question

19. What is the main advantage of a flexible budget?
a. It is easier to prepare than a static budget
b. It can adapt to changes in activity levels and provide more accurate
financial control
c. It does not require regular revisions
d. It is based on historical data

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