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i am confused between these types of budgets…please explain it to me when will we prepare these type of budgets..? i have already seen course notes and lectures but did nt understand yet…
The fixed budget is the original budget.
The flexed budget is the original budget adjusted for the actual level of activity, and is used for variance analysis.
A flexible budget is one that is prepared in such a way as to be easy to flex i.e is prepared at different levels of activity.
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