Accounting Multiple Choice Question – 22 July 2023

What is a flexible budget?

Select ONE answer:

1. a budget based on expected level of production
2. a budget based on past performance but updated to take account of present conditions
3. a budget that reflects changes in activity levels
4. a budget that links fixed overheads to production

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 3

1. Not correct
2. Not correct
3. Correct
4. Not correct

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