Asked by
Amanda Chester
on Oct 15, 2024Verified
Variable budget is another name for:
A) Cash budget.
B) Flexible budget.
C) Fixed budget.
D) Manufacturing budget.
E) Rolling budget.
Flexible Budget
A budget that adjusts or flexes with changes in volume or activity levels of the organization.
Variable Budget
A financial plan that adjusts for changes in the volume of activity, allowing for flexible cost controls depending on actual performance.
- Gain an understanding of the contrast between flexible and fixed budgets, along with their individual contributions to financial planning.
Verified Answer
MC
Learning Objectives
- Gain an understanding of the contrast between flexible and fixed budgets, along with their individual contributions to financial planning.