Question: Select the correct statement regarding flexible budgets. 8 Multiple Choice 2 1 : 1 3 A flexible budget can only be prepared for a single

Select the correct statement regarding flexible budgets.
8
Multiple Choice
21:13
A flexible budget can only be prepared for a single level of activity.
A flexible budget shows expected revenues and costs at a variety of activity levels.
A flexible budget is not used for planning.
A flexible budget is also known as the master budget.
Select the correct statement regarding flexible

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