The primary difference between a static budget and a flexible budget is that a static budget

Question $11$ options:

$1)$

is suitable in a volatile demand situation while a flexible budget is suitable in a stable demand situation

$2)$

is concerned only with future acquisitions of fixed assets, whereas a flexible budget is concerned with

expenses that vary with sales

$3)$

includes only fixed costs, whereas a flexible budget includes only variable costs

$4)$

is a plan for a single level of production, whereas a flexible budget can be converted to any level of production