A flexible budget is really a series of static budgets. Do you agree or disagree? Explain.Yes, I agree that the flexible budget is a series of static budgets at different levels of activity. A static budget has two characteristics: 1. It is geared toward only one level of activity. 2. Actual results are always compared against budgeted costs at the original budget activity level. However, a flexible budget differs from a static budget on both above-mentioned points. First, it is geared toward all levels of activity within the relevant range, rather than toward only on level of activity. Second, it is dynamic in nature rather than static. Actual results do not have to be compared
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