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...
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confused between fixed,flexable, flexed , original budget..
11y ago#1The 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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