The only difference between fixed (static) and flexible budgets is the number of fixed budgets with

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‘The only difference between fixed (static) and flexible budgets is the number of fixed budgets — with a fixed budget there is one, with a flexible budget there are many fixed budgets.’ Discuss.

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Accounting

ISBN: 978-1118608227

9th edition

Authors: Lew Edwards, John Medlin, Keryn Chalmers, Andreas Hellmann, Claire Beattie, Jodie Maxfield, John Hoggett

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Question Posted: Jun 24, 2019 10:56 AM

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The only difference between fixed (static) and flexible budgets is the number of fixed budgets with

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The statement is true Fixed budgets provide budget estimates for a single level of activity Flexible ...View the full answer

Accounting

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