Question: 3 Multiple Choice 1 0 points Select the incorrect statement regarding flexible budgets. Standard prices and costs are used in preparing a flexible budget. A

3
Multiple Choice 10 points
Select the incorrect statement regarding flexible budgets.
Standard prices and costs are used in preparing a flexible budget.
A flexible budget is also known as a master budget.
Flexible budgets often show the estimated revenues and costs at multiple volume levels,
A flexible budget is used to compare actual to budgeted amounts.
3
Multiple Choice 10 points
Select the incorrect statement regarding flexible budgets.
Standard prices and costs are used in preparing a flexible budget.
A flexible budget is also known as a master budget.
Flexible budgets often show the estimated revenues and costs at multiple volume levels,
A flexible budget is used to compare actual to budgeted amounts.
3 Multiple Choice 1 0 points Select the incorrect

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