A Flexible Budget

question 111

Multiple Choice

A flexible budget

• A)is not as useful in evaluating a manager's performance as a static budget.
• B)can be prepared for each of the types of budgets included in the master budget.
• C)relies on the assumption that unit fixed costs will remain constant within the relevant range of activity.
• D)reflects budget data for one level of activity only.

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Definitions:

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With great speed or within a short time.

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A type of graph used in statistics to display values for typically two variables for a set of data and identify any correlations.

Histogram

A graphical representation of the distribution of numerical data, showing the number of data points that fall within specified ranges.