How does a graph of a flexible budget compare to a cvp, Ask an Expert

Accounting

How does a graph of a flexible budget compare to a CVP graph?
A) Fixed costs appear differently.
B) Variable costs appear differently.
C) Sales revenues are not shown on a flexible budget graph.
D) The two are graphed identically.

Standard costs:
a. may show past cost experience.
b. help establish expected future costs.
c. are the budgeted costs per unit in the present.
d. all of these.

Which one of the following is another name for the static budget?
a. Flexible budget
b. Operating budget
c. Permanent budget
d. Master budget

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9413799

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