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Slybone
Jul 27, 2008, 05:29 PM
A budget that is based on the actual activity of a period is known as a:


Master budget.

Flexible budget.

Continuous budget.

Static budget.

I am stuck between flexible budget and continuous budget. Which would be the correct answer and why?

afine
Jul 29, 2008, 07:17 PM
Flexible shows costs at different production levels, master and static are for a single level of volume based on an estimate of the level of production and sales for the coming period