Definition A set of revenue and expense projections at various production or sales volumes. The cost allowances for each expense are able to vary as sales or production vary.
Flexible Budgets sound a bit like an oxymoron but really they're not. Budgets are usually built on an assumption or set of assumptions such as units produced, cargo moved, or customers helped. If...
Fixed or Static buget is for a particular activity level. Flexible budget is for a range of activity level.
Differentiate between Fixed and Flexible budget ?
Needs a complete answer.
Here are the differences between the two:Flexible Budget-A flexible budget is a budget that adjusts or flexes for changes in the volume of activity. The flexible budget is more sophisticated and...