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16. Which of the following is false about the flexible budget about costs? A) Th

ID: 2517800 • Letter: 1

Question

16. Which of the following is false about the flexible budget about costs? A) The flexible budget provides a manager with flexibility in budgeting production costs, so that B) With a flexible budget a manager can determine what costs should have been attained at a C) The flexible budget can be used to compare the budgeted cost with actual cost at any level of D) With a flexible budget, a manager can be judged on how well the manager is able to keep the manager can make necessary adjustments in setting per-unit standards given level of activity activity costs compared to costs allowed for the actual production level Which of the following is not true of variances? A) (Price variance) x (Quantity variance)

Explanation / Answer

Ans 16 option A As flexible budget is the budget which is prepred using standard cost for actual level of activity ans 17 option A Price varaince*Qty variance
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