08-28-2009, 05:39 PM
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by awaisaftab</i>
<br />What is the difference betweeen fixed and flexible budget?
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Dear sir,
According to my point of view the difference between fixed and flexible budget is as follows
<b>The fixed budget</b> is prepared based only on one level of output.
<b>A flexible budget</b> is a budget which is designed to change in accordance with the level of activity or relevant range attained.
Fixed cannot be changed after the period begins, whereas a flexible budget can be changed after the period begins
Fixed is a plan for a single level of production, whereas a flexible budget is several plans (one for each of several production levels).
Fixed includes only fixed costs, whereas a flexible budget includes only variable costs.
Please help me sir if I am wrong.
<br />What is the difference betweeen fixed and flexible budget?
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Dear sir,
According to my point of view the difference between fixed and flexible budget is as follows
<b>The fixed budget</b> is prepared based only on one level of output.
<b>A flexible budget</b> is a budget which is designed to change in accordance with the level of activity or relevant range attained.
Fixed cannot be changed after the period begins, whereas a flexible budget can be changed after the period begins
Fixed is a plan for a single level of production, whereas a flexible budget is several plans (one for each of several production levels).
Fixed includes only fixed costs, whereas a flexible budget includes only variable costs.
Please help me sir if I am wrong.
