UJU U 12,000 and $25,000 OT FIXed costs (4) variable and fixed costs totaling $112,000 Question 23 -/3.03 The primary difference between a fixed budget and a flexible budget is that a fixed budget cannot be changed after the period begins, whereas flexible budget can be changed after the period begins. is concerned only with future acquisitions of fixed assets, whereas a flexible budget is concerned with expenses that vary with sales. (3) includes only fixed costs, whereas a flexible budget includes only variable costs. 4 is a plan for a single level of production, whereas a flexible budget can be converted to any level of production Drafts Are Disabled