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Which of the following statements is true about the flexible budget? The flexible budget uses standard prices paid for materials and labour. The flexible budget
Which of the following statements is true about the flexible budget?
The flexible budget uses standard prices paid for materials and labour.
The flexible budget is prepared after the year ends.
The flexible budget uses standard use of materials and labour.
All the other statements about the flexible budget are true.
All statements are true but I want to know why "The flexible budget uses standard use of materials and labour." is true. Thanks
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