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Assume actual output is lower than forecasted. Under an incremental budget: or flexible budget, all variable expense allocations would be reduced. the budget would be

Assume actual output is lower than forecasted. Under an incremental budget: or flexible budget, all variable expense allocations would be reduced. the budget would be unchanged, but all variable expenses in a flexible budget would be reduced. the budget would be reduced, but the flexible budget would be unchanged. or flexible budget, all expense allocations would be unchanged

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