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Find what a flexible budget is a budget

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Reference no: EM132585568

Problem 1: A flexible budget is a budget that

Option 1: is updated with actual costs as they occur during the period.

Option 2: is updated to reflect the actual level of activity during the period.

Option 3: is prepared using a computer spreadsheet application.

Option 4: contains only variable production costs.

Reference no: EM132585568

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