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Comparing and contrast a static budget and a flexible budget

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Compare and contrast a static budget and a flexible budget in terms of both characteristics, timing and uses.

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The expert compares and contrasts a static budget and a flexible budget in terms of both characteristics, timing and uses.

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Compare and contrast a static budget and a flexible budget in terms of characteristics, timing and uses.

Static budget vs. flexible budget

Differences:

Characteristics:
Static budget is the budget which does not allow any changes. In static budget, the figures are based on the single level of activity i.e., for the particular volume of production and actual results are compared with the budgeted figures. If the company has budgeted sales, fixed cost and variable cost for 10000 units of production and if the company has produced and ...

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