Which of the Following Budgets Is Used to Provide an "Apples

question 47

Multiple Choice

Which of the following budgets is used to provide an "apples to apples" comparison of budgeted and actual performance at the actual unit volume attained?

• A)Continuous budget
• B)Flexible budget
• C)Master budget
• D)Static budget

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Definitions:

Savings

Money set aside for future use rather than spent immediately.

Savings

The portion of income not spent on current consumption or taxes, instead set aside for future use or investment.

Disposable Income

The money households have for spending and saving after subtracting income taxes.

Disposable Income

The amount of income left for spending or saving after taxes have been paid.