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What are the steps to creating a new style?
Flexible Budget
A budget that adjusts or flexes with changes in volume or activity levels, used to compare actual performance against what should have occurred at the actual level of activity.
Static Budget
A fixed budget that does not change with the level of activity or production volume, often used for planning purposes.
Level Of Activity
A measurement of the volume of production or operations within a business, which can affect various costs and efficiency metrics.
Flexible Budget
A budget that adjusts or flexes with changes in volume or activity levels.
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