Question: What is the primary difference between a static budget and a flexible budget? The static budget is prepared only for units produced while a flexible

What is the primary difference between a static budget and a flexible budget?
The static budget is prepared only for units produced while a flexible budget reflects the number of units sold.
The static budget is prepared for a single level of activity while a flexible budget is adjusted for different activity levels.
The static budget is constructed using input from only upper level management while a flexible budget obtains input from all levels of management.
The static budget includes only fixed costs while the flexible budget includes only variable costs.
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What is the primary difference between a static

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