50. The master budget is used for what primary purpose? 51. The flexible budget is used for what primary purpose? 52. To create a flexible budget, managers multiply the volume by the in order to arrive at budgeted variable expenses. Fixed expenses should be as originally budgeted in the master budget unless the new volume is in a different relevant range. The resulting flexible budget is the budget managers would have prepared at the beginning of the period had they known the volume. 53. The volume variance is the difference between the and the