Question
Asked Dec 3, 2019
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Static and flexible budgets are similar in that:
Multiple Choice
They both are based on the same per unit variable amounts and the same fixed costs
They both concentrate solely on costs.
They both are prepared for multiple activity levels.
None of these answers is correct.
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Static and flexible budgets are similar in that: Multiple Choice They both are based on the same per unit variable amounts and the same fixed costs They both concentrate solely on costs. They both are prepared for multiple activity levels. None of these answers is correct.

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Expert Answer

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Both Static and Flexible budgets are prepared on the basis of per unit variable amount and same fixed cost as per estimation. Flexible is based on actual output but at standard cost and static...

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