Question: What is the main difference between a fix and flexible budget?and why-and choose flexible budget can provide less realistic control information than fixed budgets A

What is the main difference between a fix and flexible budget?and why-and choose

  1. flexible budget can provide less realistic control information than fixed budgets
  2. A fixed budget is produced for an entire organisation,but a flexible budget is applicable only to a single department
  3. A fixed budget is based on specific level of production/sales and a flexible budget can be prepared for any production level
  4. A flexible budget considers only variable costs, but a fixed budget considers all costs

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