46,50

Question 46 Not yet answered Marked out of 1.00 p Flag question A flexible budget is: O a. A budget that comprises variable costs only O b. A budget for different capacity level O c. A budget for receipts and payments O d. A budget for different departments Question 50 Not yet answered Marked out of 1.00 p Flag question Which of the following is a major element in Budgetary Control System? O a. Preparation of long-term plans b. Approval of the budget by the stockholders O c. Comparison of actual results with planned objectives O d. Valuation of inventories