Question

The classification of fixed and variable cost has a specific significance in the preparation of

Q: Answer-The classification of fixed and variable cost has a specific significance in the preparation of

A flexible budget is prepared by separating costs into fixed and variable components. This allows the budget to adjust to different levels of activity, making it a valuable tool for performance evaluation and decision-making.

A zero-based budget

B flexible budget

C capital budget

D cash budget

E functional budget

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