Question: What is the primary difference between a static budget and a flexible budget? The static budget contains only fixed costs, while the flexible budget contains

What is the primary difference between a static budget and a flexible budget?
The static budget contains only fixed costs, while the flexible budget contains only variable costs.
The static budget I5 constructed using input from only upper level management, while a flexible budget obtains input from
all levels of management.
The static budget is prepared for a single level of: activity, while flexible budget adjusted for different activity levels.
St
The static budget I5 prepareda only for units produced, while a. flexible budget reflects the number of units sold.

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