The Purpose of Creating a Flexible Budget Is To

question 37

Multiple Choice

The purpose of creating a flexible budget is to:

• A)Determine how much of the difference between actual and budgeted profits was due strictly to the difference between budgeted and actual sales.
• B)Determine how much of the difference between actual and budgeted profits was due strictly to the difference between budgeted and actual variable costs.
• C)Determine how much of the difference between actual and budgeted profits was due strictly to the difference between budgeted and actual fixed costs.
• D)Determine which department is responsible for the overall budget variance.

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Definitions:

Gender Discrimination

Inequitable treatment or barriers faced by people based on their gender.

Real Domestic Output

The value of all goods and services produced within a country's borders in a given time period, adjusted for inflation.

Labor Force

The total number of people employed or actively seeking employment in a given economy.

High-Paying Occupations

Jobs that offer salaries significantly above the median income level for workers, often requiring specialized skills or education.