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Part $1$

What is the key difference between a static budget and a flexible$$ budget?

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Part $1$

A$.$

A flexible budget is based on the level of output at the beginning of the$$ period; a static budget is based on the actual output level in the budget period.

B$.$

A static budget is based on the level of output at the beginning of the$$ period; a flexible budget is based on the actual unit prices in the budget period.

C$.$

A static budget is based on the level of output at the beginning of the$$ period; a flexible budget is based on the actual output level in the budget period.

D$.$

None of the above.