Fixed Costs Should Not Be Included in a Flexible Budget

question 248

True/False

Fixed costs should not be included in a flexible budget because they do not change when the level of activity changes.

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Definitions:

Kidney

A pair of bean-shaped organs in vertebrates that filter waste products from the blood and excrete them, along with water, as urine.

Bladder

A hollow organ in the pelvic area that stores urine from the kidneys before it is excreted through the urethra.

Marine Cartilaginous Fishes

Fish that have a skeleton made of cartilage rather than bone, including sharks, rays, and skates.

Water Loss

The process by which water is eliminated from an organism or ecosystem through evaporation, transpiration, or excretion.