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Which of the following BEST describes a flexible budget? A A budget which shows variable production costs only B A monthly budget which is changed
Which of the following BEST describes a flexible budget?
A A budget which shows variable production costs only
B A monthly budget which is changed to reflect the number of days in the month
C A budget which shows sales revenue and costs at different levels of activity
D A budget that is updated halfway through the year to incorporate the actual results for the first half of the year
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