The basic difference between a static budget and flexible budget is that ........

Miscellaneous Others

The basic difference between a static budget and flexible budget is that :

A flexible budget considers only variable costs but a static budget considers all costs.

Flexible budgets allow management latitude in meeting goals, wkereas static budget is based on fixed standards.

A flexible budget is applicable for a single department only but a static budget for entire production facility.

A flexible budget can be prepared for any production level witkin a relevant range but a static budget is based on one specific level of production.

A flexible budget can be prepared for any production level witkin a relevant range but a static budget is based on one specific level of production.

Submit Error