Multiple Choice QuestionWhen preparing a flexible budget, variable costs are expressed as a constant amount _____, and fixed costs are expressed as a constant amount _____.Multiple choice question.in total; in totalin total; per unitper unit; in totalper unit; per unit

When preparing a flexible budget, variable costs are expressed as a constant amount _____, and fixed costs are expressed as a constant amount _____.

When preparing a flexible budget Blank______.Multiple choice question.both variable and fixed costs remain constantfixed costs change based on activity and variable costs remain constantboth variable and fixed costs change based on activityvariable costs change based on activity and fixed costs remain constant

Multiple Choice QuestionThe first step in preparing a flexible budget is to:Multiple choice question.compute budgeted salesidentify activity levelsidentify costs and classify them as fixed or variablecompute budgeted variable and fixed costs

Costs that vary per unit but remain constant in total are:Question 4Select one:a.variable costsb.fixed costsc.incremental costsd.opportunity costs

Multiple Choice QuestionA fixed budget, also known as a static budget, has resources allocated on a single estimate of costs. That budget amount ______.Multiple choice question.cannot be adjusted over timemust be adjusted over timeis often adjusted over timeis adjusted frequently during the budget period