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Unformatted text preview: amount regardless of the volume of activity. What are the steps to creating a flexible budget? Flexible budget is prepared as follows, 1. Identify the relevant activity range. 2. Determine the budgeted variable cost per unit after identifying the variable cost of each activity. 3. Calculating the fixed cost and budgeted amount of each cost. 4. Identifying the incremental activity level for budget with the range. What information is found on the flexible budget? Flexible budget is same as master budget but differ with the activity level. The flexible budget consist what master budget consist with the different level of activity. Manufacturing cost, Variable cost Fixed cost Sale Administrative cost Selling and Distribution cost...
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- Spring '10