Which of the Following Is Used to Develop Flexible Budgets

question 86

Multiple Choice

Which of the following is used to develop flexible budgets?

• A) fixed overhead variances
• B) static budget variances
• C) flexible budget variances
• D) cost functions

---

Definitions:

Stated Value

A specified value assigned to no-par-value stock by the company's board of directors.

General Journal

A comprehensive accounting record where all financial transactions are initially recorded, using a double-entry accounting system.

Nonparticipating

typically refers to an insurance or investment product feature where the holder does not have the right to receive dividends or bonuses generated from the underlying pool of assets.

Par Value

The nominal or face value of a stock or bond, as stated by the issuing company, which may bear no relation to its market value.