Flexible Budgets MCQs

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1. Which of the following is not characteristic of a flexible budget?

 
 
 
 

2. The static budget:

 
 
 
 

3. The flexible budget relates to activity-based costing in which of the following ways:

 
 
 
 

4. The budget variance is:

 
 
 
 

5. Which of the following is true about overhead variances?

 
 
 
 

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