What Is the Primary Difference Between a Static Budget and a Flexible

question 30

Multiple Choice

What is the primary difference between a static budget and a flexible budget?

• A)The static budget contains only fixed costs, while the flexible budget contains only variable costs.
• B)The static budget is prepared for a single level of activity, while a flexible budget is adjusted for different activity levels.
• C)The flexible budget is prepared for a single level of activity, while a static budget is adjusted for different activity levels.
• D)The static budget is constructed using input from only upper level management, while a flexible budget obtains input from all levels of management.
• E)The flexible budget is constructed using input from only upper level management, while a static budget obtains input from all levels of management.

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