AdminHelpdice Team30 May, 2024The primary difference between a fixed budget and a variable(flexible) budget is that a fixed budget:Includes only fixed costs, while a variable budget includes only variable costs.Is concerned only with future acquisitions of fixed assets, while a variable budget is concerned with expenses which vary with sales.Cannot be changed after the period begins, while a variable budget can be changed after the period begins.Is a plan for a single level of sales(or other measure of activity), while a variable budget consists of several plans, one for each of several levels of sales (or other measure of activity)Check AnswerRelated MCQ's ……………..is an example of short-term budget...2 hour ago……………..is an example of long-term budget...2 hour agoMaterial mix variance = standard cost of standard mix - ……………….....2 hour ago……………….is a summary of all function budgets in a Capsule form....2 hour agoWhen 1000 units are 60% complete in a process, it is equivalent to…………….completed units....2 hour agoWhen the actual loss is more than the estimated loss, the differencebetween the two is considered to be……….....2 hour agoWhere raw material is to pass certain stages, before it is convertedinto finished goods, the method of costing used...2 hour agoBoiler house costing is an example of …………….costing...2 hour agoIn transportation costing a composite unit such as …………….is used....2 hour agoThe sum of value of work certified and uncertified appearing in theContract Account is called …………….....2 hour ago
