What is the key difference between a static budget and a flexible budget?
Static budget- is based on the level of output at the beginning of the period.
Flexible budget- is based on the actual output level in the budget period.
What is the key difference between a static budget and a flexible budget?
Static budget- is based on the level of output at the beginning of the period.
Flexible budget- is based on the actual output level in the budget period.