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Fixed budget or flexible budget?

Exercise and reference answers

Left
Fixed
Items
  1. Item
    One activity level
    Answer
    Fixed
  2. Item
    Not recast later
    Answer
    Fixed
  3. Item
    Many activity levels
    Answer
    Flexible
  4. Item
    Recast for actuals
    Answer
    Flexible
  5. Item
    Cost split by type
    Answer
    Flexible
Right
Flexible
Instructions
Swipe left for the fixed budget, right for the flexible budget.

Explanation

_Source: ICAI CA Inter Cost and Management Accounting, Ch15 'Budgets and Budgetary Control', 15.5_
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