In the context of budgeting, a flexible budget:
A. is based on a single assumed level of sales.
B. is designed to show the appropriate budgeted level of costs for each different level of sales.
C. is the budget that is prepared before a static budget.
D. cannot be used by companies for evaluation and comparisons involving real-world sales situations.
Answer: B
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Fill in the blank(s) with correct word
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