What is the difference between a static budget and a flexible budget? When is each used?

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Fundamental Managerial Accounting Concepts

ISBN: 978-0078110894

6th Edition

Authors: Edmonds, Tsay, olds

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Question Posted: Dec 07, 2011 05:08 AM

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What is the difference between a static budget and a flexible budget? When is each used?

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A static budget is based on the expected or planned volume of activity An example of a ...View the full answer

Fundamental Managerial Accounting Concepts

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