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Amanda Chester
on Oct 15, 2024

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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.
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Makayla ConwayOct 18, 2024
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