How does activity flexible budgeting differ from functional-based flexible budgeting?
Activity flexible budgeting is the prediction of what activity costs will be as activity output changes. In functional-based flexible budgeting, only one driver is typically used. That driver is volume based, for example, direct labor hours. Activity flexible budgeting uses a large variety of drivers. As a result there is finer control of changes in costs due to the fluctuations of numerous drivers. The budgeted costs should be more meaningful and realistic.
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