33. A budget that is not adjusted for the actual level of activity is called a : a. Sales Budget b. Flexible Budget c. Static Budget d. Zero Based Budget 34. Differences between actual costs and budgeted costs are called: a. Differential Costs b. Exceptions c. Estimates d. Variances 35. The primary reason for using a flexible budget is : a. To allow management to manipulate the costs so that they can meet their goals b. To eliminate the fluctuations in the production process c. To measure the difference between actual and budgeted activity d. It is required by the Managerial Accounting Standards Board