When preparing a flexible budget, variable costs are expressed as a constant amount _____, and fixed costs are expressed as a constant amount _____.
Question
Solution 1
When preparing a flexible budget, variable costs are expressed as a constant amount per unit of activity, and fixed costs are expressed as a constant amount in total.
Here's the step by step explanation:
- Variable Costs: These are costs that change in proportion to the level of activity or prod Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
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