What is the basic difference between a static budget and a flexible bu

1.	What is the basic difference between a static budget and a flexible budget?
A.	A static budget is based on one specific level of production and a flexible budget can be prepared for any production level within a relevant range
B.	A static budget is for an entire production, but a flexible budget is applicable only to a single department
C.	Flexible budget allow management latitude in meeting goals, whereas a static budget is based on a fixed standard
D.	A flexible budget considers only variable costs, but a static budget considers all costs
Answer» B. A static budget is for an entire production, but a flexible budget is applicable only to a single department

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What is the basic difference between a static budget and a flexible budget?

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