Question: What is the primary difference between a static budget and a flexible budget?

What is the primary difference between a static budget and a flexible budget?

Step by Step Solution

★★★★★

3.41 Rating (157 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Budget manager decides whether to allow budgets to change over the c... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

420-B-M-A-P-E (1825).docx

120 KBs Word File

Students Have Also Explored These Related Managerial Accounting Questions!

Q:

What is the difference between a static budget and a flexible budget? When is each used?

Q:

What is the key difference between a static budget and a flexible budget?

Q:

What is the primary difference between 20-year bonds issued by the U.S. government and 20-year bonds issued by IBM?

Q:

AT&T_LTE

Q:

16. An increase in the level of activity will have the following effects on unit costs for variable and fixed costs: 17. What is the primary difference between a static budget and a flexible budget?...

Q:

When a manager seeks to achieve personal departmental objectives that may work to the detriment of the overall firm, the manager is experiencing a. padding b. goal conflict c. cushions d. budgetary...

Q:

The primary difference between a static budget and a flexible budget is that a static budget a. is suitable in a volatile demand situation while a flexible budget is suitable in a stable demand...

Q:

QUESTION 1 What is the primary difference between a static budget and a flexible budget? a. The static budget is prepared only for units produced, while a flexible budget reflects the number of units...

Q:

1. 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. A) static budget...

Q:

What is the primary difference between a static budget and a flexible budget? The static budget includes only fixed costs while the flexible budget includes only variable costs. The static budget is...

Q:

What are ladder Operators?Why are they called so?

Q:

Use the Target Corporations Form 10-K to answer the following questions related to Targets 2012 fiscal year (year ended February 2, 2013). Targets Form 10-K is available on the companys website or...

Q:

How is abnormal loss treated in Consignment Account ? [C.U.B.Com. (General) ---- 2012]

Q:

A company pays for this years rent 1,080.00 EUR during this Accounting period and 360.00 EUR in the next one. Rent is subject to VAT. How much is the rent on the income statement? 1. 900.00 EUR. 2....

Q:

Microelectronics is a large electronics firm with multiple divisions. The circuit board division manufactures circuit boards, which it sells externally and internally. The phone division assembles...

Q:

US Copiers manufactures a full line of copiers including desktop models. The Small Copier Division (SCD) manufactures desktop copiers and sells them in the United States. A typical model has a retail...

Q:

Cogen Cogens Turbine Division manufactures gas- powered turbines for generating electric power and hot water for heating systems. Turbines variable cost per unit is $ 150,000 and its fixed cost is $...

Q:

Ratios that help determine whether a company can access its cash and pay its debts that mature in less than a year are called (Liquidity; Market-Value or Market-based; Dividend Policy; Profitability;...

Q:

Lauryn's Doll Co. had EBIT last year of $42 million, which is net of a depreciation expense of $4.2 million. In addition, Lauryn's made $6 million in capital expenditures and increased net working...

Q:

Use the information in the table below, about the shares of BMO, to answer the next question: Asset Expected Standard Return Deviation Correlations Market BMO 1.00 ?? BMO Risk-Free Rate Market...