Flexible Budget: It is the plan that is prepared at different levels of production. In this budget company changes the revenue and expenses as per change in output. It is also known as variable budget. To prepare: Flexible budget for July.

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Chapter 21, Problem 4E

To determine

Flexible Budget:

It is the plan that is prepared at different levels of production. In this budget company changes the revenue and expenses as per change in output. It is also known as variable budget.

To prepare: Flexible budget for July.

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