When 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

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 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

Using the static budget, calculate the variable cost/unit and prepare a flexible budget.Do not enter dollar signs or commas in the input boxes.Round all answers to the nearest whole number.Static Budget Variable Cost/Unit Flexible BudgetUnits Produced and Sold 9,200 1 8,400Revenue 432,400 Answer AnswerVariable Costs 156,400 Answer AnswerContribution Margin 276,000 Answer AnswerFixed Costs 38,000 AnswerOperating Income 238,000 Answer