Which of the Following Is True of Flexible Budget

question 154

Multiple Choice

Which of the following is true of flexible budget?

• A) It calculates total variable cost by multiplying actual units by budgeted variable cost per unit.
• B) It calculates total fixed cost by multiplying actual units by budgeted fixed cost per unit.
• C) It calculates revenues by multiplying budgeted units by actual selling price per unit.
• D) It calculates contribution margin by multiplying budgeted units by actual contribution margin per unit.

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Definitions:

Task Performance

The degree to which an individual carries out the activities and responsibilities assigned to them, often measured in terms of efficiency, effectiveness, and quality.

Social Psychological

Pertaining to the scientific study of how individuals think, feel, and behave in social contexts.

Norman Triplett

An American psychologist known for his work on social facilitation and considered a pioneer in the field of social psychology.

Deindividuation

A psychological state where an individual loses their sense of self-identity and personal responsibility, often leading to behavior that is uncharacteristic or norm-violating when in a group.