Examlex
Which of the following statements is true of data with granularity?
Fixed Budget
A budget that is set for a specific period and does not change, regardless of variations in activity levels, sales volume, or other external factors.
Flexible Budget Amounts
Budget figures that are adjusted based on changes in the volume of activity, allowing for a more accurate reflection of costs under different operational levels.
Flexible Budget Amounts
Variably adjusting budget figures that can change based on actual levels of activity, often used for more accurate financial planning.
Variable Costs
Costs that change in direct proportion to changes in the level of production or sales activity, such as raw materials and direct labor.
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