Question 47 (1 point) Saved Which of the following is true regarding a flexible budget? A flexible budget can only be created for one production level O A flexible budget can only be created at the start of the year A flexible budget can be created for multiple production levels Flexible budget is another name for the static budget Question 48 (1 point) Using the flexible budget, what costs are included in calculating the total cost of production Direct materials, direct labour, variable manufacturing overhead, fixed manufacturing overhead Direct materials, direct labour Direct materials Direct materials, direct labour, variable manufacturing overhead