A flexible budget:
A. parallels a static budget with respect to format and advantages of use.
B. is both preferred over a static budget in the evaluation of performance and can be used to compare actual and budgeted costs at various levels of activity.
C. can be used to compare actual and budgeted costs at various levels of activity.
D. is preferred over a static budget in the evaluation of performance.
E. gives management flexibility in terms of meeting budget goals.
Answer: B
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