This Question: 10 pts 20f 5 (0 complete) What is the key difference between a st

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This Question: 10 pts 20f 5 (0 complete) What is the key difference between a static budget and a flexible budget? the actual output level in the budget peri the period; a flexible budget is based on the actual output level in the budget peri static budget is based on the level of output at the begining of the period, a lexible budget is based on the actual unit prices in the budget period evel of output at the beginning of the period; a static budget is based on O A. O B. Aflexible budget is based on the A static budget is based on the level of output at the beginning of OD. None of the above. Click to select your answer

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SOLUTION

1. Difference between a static budget and flexible budget-

- A static budget is based on the level of output at the beginning of the period , a flexible budget is based on the actual output level in the budget period.

The only difference between the static budget and the flexible budget is that the static budget is prepared for the planned output, whereas the flexible budget is prepared based on the actual output.

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