The purpose of a flexible budget is to * 4 O Allow management some latitude in meeting goals O Eliminate cyclical fluctuations in production reports by ignoring variable costs O Compare actual and budgeted results at virtually any level of production O Reduce the total time in preparing the annual budget

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The purpose of a flexible budget is to *
O Allow management some latitude in meeting goals
O Eliminate cyclical fluctuations in production reports by ignoring variable costs
O Compare actual and budgeted results at virtually any level of production
O Reduce the total time in preparing the annual budget
Transcribed Image Text:The purpose of a flexible budget is to * O Allow management some latitude in meeting goals O Eliminate cyclical fluctuations in production reports by ignoring variable costs O Compare actual and budgeted results at virtually any level of production O Reduce the total time in preparing the annual budget
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