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Question 14 -- / 1.2 Which of the following statements is INCORRECT regarding Flexible Budget? Flexible budget is based on expected number of units sold.

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Question 14 -- / 1.2 Which of the following statements is INCORRECT regarding Flexible Budget? Flexible budget is based on expected number of units sold. Difference between flexible budget and static budget can be analyzed with Sales Volume Variance. 3 Flexible budget is budgeted revenues and expenses for various levels of sales volume. 4 Flexible budgets separate variable costs from fixed costs

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