The basic difference between a planning (static) budget and a flexible budget is the planning budget is:

Group of answer choices

A. Only used before and during the budget period and a flexible budget is only used after the budget period

B. For an entire organization, a flexible budget focus on a single division

C. 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).

D. Based upon a fixed standard that allows management latitude in meeting goals