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:

1. Variable Costs: These are costs that change in proportion to the level of activity or production. For example, the cost of raw materials will increase as more units are produced. In a flexible budget, these costs are expressed as a constant amount per unit of activity. This means that for each unit of production, the variable cost is the same.

2. Fixed Costs: These are costs that do not change with the level of activity or production. For example, the rent for a factory or the salary of a manager. These costs are fixed, regardless of how many units are produced. In a flexible budget, these costs are expressed as a constant total amount. This means that no matter how many units are produced, the total fixed cost remains the same.

Question

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:

1. Variable Costs: These are costs that change in proportion to the level of activity or production. For example, the cost of raw materials will increase as more units are produced. In a flexible budget, these costs are expressed as a constant amount per unit of activity. This means that for each unit of production, the variable cost is the same.

2. Fixed Costs: These are costs that do not change with the level of activity or production. For example, the rent for a factory or the salary of a manager. These costs are fixed, regardless of how many units are produced. In a flexible budget, these costs are expressed as a constant total amount. This means that no matter how many units are produced, the total fixed cost remains the same.

Knowee AI · Accepted Answer

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:

1. Variable Costs: These are costs that change in proportion to the level of activity or production. For example, the cost of raw materials will increase as more units are produced. In a flexible budget, these costs are expressed as a constant amount per unit of activity. This means that for each unit of production, the variable cost is the same.

2. Fixed Costs: These are costs that do not change with the level of activity or production. For example, the rent for a factory or the salary of a manager. These costs are fixed, regardless of how many units are produced. In a flexible budget, these costs are expressed as a constant total amount. This means that no matter how many units are produced, the total fixed cost remains the same.

When preparing a flexible budget, variable costs are expressed as a constant amount _, and fixed costs are expressed as a constant amount _.

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When preparing a flexible budget, variable costs are expressed as a constant amount _, and fixed costs are expressed as a constant amount _.

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When preparing a flexible budget, variable costs are expressed as a constant amount _____, and fixed costs are expressed as a constant amount _____.

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When preparing a flexible budget, variable costs are expressed as a constant amount _____, and fixed costs are expressed as a constant amount _____.

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When preparing a flexible budget, variable costs are expressed as a constant amount _, and fixed costs are expressed as a constant amount _.

When preparing a flexible budget, variable costs are expressed as a constant amount _, and fixed costs are expressed as a constant amount _.