Which of the Following Amounts of a Flexible Budget Remain

question 17

Multiple Choice

Which of the following amounts of a flexible budget remain constant when the sales volume changes?

• A)total contribution margin
• B)total fixed costs
• C)total variable expenses
• D)total sales revenue

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Definitions:

Current Liability

A company's debts or obligations that are due within one year, appearing on the company's balance sheet and including short-term borrowing, accounts payable, and other liabilities.

Revenue

The total amount of money received by a company for goods sold or services provided during a certain time period.

Expense

is an outflow of cash or other valuable assets from a person or company to another entity, representing the cost of operations or services rendered.

Debit Columns

Sections in financial statements where increases in assets or expenses or decreases in liabilities, equity, or income are recorded.