Select the correct statement regarding flexible budgets.
A. A flexible budget can only be prepared for a single level of activity.
B. A flexible budget is not used for planning.
C. A flexible budget shows expected revenues and costs at a variety of activity levels.
D. A flexible budget is also known as the master budget.
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Home » Business » Select the correct statement regarding flexible budgets. A. A flexible budget can only be prepared for a single level of activity. B. A flexible budget is not used for planning. C.