All of the Following Are Needed to Prepare a Flexible

question 6

Multiple Choice

All of the following are needed to prepare a flexible budget EXCEPT determining the:

• A)budgeted variable cost per output unit
• B)budgeted fixed costs
• C)actual selling price per unit
• D)actual quantity of output units

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Definitions:

Consideration

In contract law, the benefit or value that each party agrees to exchange as part of a contractual agreement, which is a requirement for a valid contract.

Assignee

A person to whom an assignment is made.

Assignor

The maker of an assignment.

Donee Beneficiary

A third party who benefits from a contract made between two other parties, intended by those parties to receive a benefit from the contract.