Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

need help on both pleass Question 22 (1 point) A static budget should not be prepared in a company. is useful in evaluating a manager's

need help on both pleass
image text in transcribed
image text in transcribed
Question 22 (1 point) A static budget should not be prepared in a company. is useful in evaluating a manager's performance by comparing actual variable costs and planned variable costs. shows planned results at the original budgeted activity level is changed only if the actual level of activity is different than originally budgeted. Question 23 (1 point) 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. The static budget is constructed using input from only upper level management, while a flexible budget obtains input from all levels of management. The static budget is prepared only for units produced, while a flexible budget reflects the number of units sold. The static budget is prepared for a single level of activity, while a flexible budget is adjusted for different activity levels

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost Accounting A Managerial Emphasis

Authors: Charles T. Horngren

3rd Edition

0131800345, 978-0131800342

More Books

Students also viewed these Accounting questions

Question

What is your theoretical orientation? (For Applied Programs Only)

Answered: 1 week ago