A Flexible Budget Is Most Useful

question 63

Multiple Choice

A flexible budget is most useful

• A) for budgeting and planning purposes.
• B) when actual output equals budgeted output.
• C) as a cost control tool to help evaluate performance.
• D) when a product's cost structure includes variable costs only.

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Definitions:

Adherence

The act of following closely or exactly to a set of rules, beliefs, or a prescribed course of treatment.

Minimum Time

The shortest duration in which a specific task or activity can be accomplished.

Direct Instruction

A teaching method that is structured, sequenced, and led by teachers, involving explicit teaching of specific skills or concepts.

High Expectations

The anticipation of a high level of performance or achievement from someone or something, which can motivate or pressure.