All of the Following Are Potential Adjustments to Flexible Budgets

question 116

Multiple Choice

All of the following are potential adjustments to flexible budgets except:

• A) Actual volumes are used to calculate variable costs
• B) Costs are updated for any price changes
• C) Fixed costs are adjusted for the effects of actual volumes
• D) Costs that are not controllable by managers are eliminated

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Definitions:

AFL

The American Federation of Labor is a nationwide coalition of labor unions within the United States.

CIO

Congress of Industrial Organizations, historically a federation of labor unions in the United States.

Taft-Hartley Act

A federal act passed in the United States in 1947 that serves to reduce the power and activities of labor unions.

Strikes

A work stoppage caused by the mass refusal of employees to work, typically aiming to enforce specific demands regarding their employment condition.