please help me as early as possible.
MAIs flxed budget and flexible budget same?
Flxed budget ?!!
Do you mean fixed budget? As far as I know, we don't have anything like Flxed budget.
Good luck
Do you mean fixed budget? As far as I know, we don't have anything like Flxed budget.
Good luck
my mistake, it should be flexed budget
Oh yea, it could be flexed budget. Those are same but applicable in two ways;
Flexible budget
A budget that takes into account the fact that values for income and expenditure on some items will change with changing circumstances. Consequently, in a flexible budget the cost allowance for each variable cost item will change to allow for the actual levels of activity achieved.
Flexed budget
A budget that has been adjusted in this way ( explained as above ) is known as a flexed budget.
Flexible budget
A budget that takes into account the fact that values for income and expenditure on some items will change with changing circumstances. Consequently, in a flexible budget the cost allowance for each variable cost item will change to allow for the actual levels of activity achieved.
Flexed budget
A budget that has been adjusted in this way ( explained as above ) is known as a flexed budget.
Still it is not clear to me. Would you like to give me an example of this? Which one is important for exam or Variance Analysis?