Question: Which of the following is a difference between a static and a flexible budget? Multiple Choice Static budgets use the same fixed cost amounts, whereas

Which of the following is a difference between a static and a flexible budget?

Multiple Choice

  • Static budgets use the same fixed cost amounts, whereas flexible budgets change the amount of fixed costs at different levels of activity.

  • Static budgets are based on the same per-unit variable amount, whereas flexible budgets are based on multiple per-unit variable amounts.

  • Static budgets are based on a single estimate of volume, whereas flexible budgets show estimated costs and revenues at a variety of activity levels.

  • None of these answers are correct.

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