Budgeted Costs Change Because Total Variable Costs Go Up as Output

question 164

Short Answer

Budgeted costs change because total variable costs go up as output increases, therefore flexible budgets are sometimes referred to as _______________.

---

Definitions:

Document's Design

The layout and aesthetic elements of a document, including its structure, typography, color scheme, and use of space, aimed at enhancing readability and engagement.

Non-substitutability

A characteristic of resources or skills that cannot be replaced or duplicated easily by alternatives.

Expert Power

The influence one possesses as a result of one's expertise, skills, or knowledge.

Substitutable

The concept that one item or service can be replaced by another with similar function or utility.