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Tutorial   16002

A flexible budget is a budget that: a) Contains only variable production costs. b) Is updated with actual costs as they occur during the period. c)...

Question:

A flexible budget is a budget that:

a)            Contains only variable production costs.

b)            Is updated with actual costs as they occur during the period.

c)            Is updated to reflect the actual level of activity during the period.

d)            Is prepared using a computer spreadsheet application.

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