Solve using given information

The basic difference between a planning (static) budget and a flexible budget is the planning budget is: o .Only used before and during the budget period and a flexible budget is only used after the budget period o For an entire organization, a flexible budget focus on a single division Based on a specific level of sales (Production), while a flexible budget can be adjusted to reflect a range of sales levels (within a relevant range). Based upon a fixed standard that allows management latitude in meeting goals