Flexible budget - Importance

Q.  Which of the following statements are true flexible budget?
- Published on 04 Sep 15

a. On the basis of fixed budget, marginal analysis can be obtained
b. Flexible budget is important for cost reduction and cost control
c. Fixed budgetary system is more flexible than flexible budgetary system
d. None of the above

ANSWER: Flexible budget is important for cost reduction and cost control

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