Static Budget and Flexible budget: Static Budget is prepared on the basis of the expected level of output or production. The static budget shows the budgeted costs are revenue at an expected level of activity. The Flexible budget is prepared using the static budget. The Flexible budget is prepared to take the actual level of output or production as a basis. To Indicate: The information that is not provided by the budget

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Chapter 13, Problem 13.3.2C

To determine

Concept Introduction:

Static Budget and Flexible budget:

Static Budget is prepared on the basis of the expected level of output or production. The static budget shows the budgeted costs are revenue at an expected level of activity. The Flexible budget is prepared using the static budget. The Flexible budget is prepared to take the actual level of output or production as a basis.

To Indicate:

The information that is not provided by the budget

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