The primary difference between a fixed budget and a variable(flexible) budget is that a fixed budget:

Includes only fixed costs, while a variable budget includes only variable costs.

Is concerned only with future acquisitions of fixed assets, while a variable budget is concerned with expenses which vary with sales.

Cannot be changed after the period begins, while a variable budget can be changed after the period begins.

Is a plan for a single level of sales(or other measure of activity), while a variable budget consists of several plans, one for each of several levels of sales (or other measure of activity)

The primary difference between a fixed budget and a variable(flexible)

1.	The primary difference between a fixed budget and a variable(flexible) budget is that a fixed budget:
A.	Includes only fixed costs, while a variable budget includes only variable costs.
B.	Is concerned only with future acquisitions of fixed assets, while a variable budget is concerned with expenses which vary with sales.
C.	Cannot be changed after the period begins, while a variable budget can be changed after the period begins.
D.	Is a plan for a single level of sales(or other measure of activity), while a variable budget consists of several plans, one for each of several levels of sales (or other measure of activity)
Answer» E.

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