A flexible budget has the following characteristics:- Useful for evaluating past performance , Useful to compare what-if scenarios and Often based on several levels of activity.
Hence options A,C and D are correct.Flexible budget has following characteristics.
Budgets that are flexible can be changed to reflect changes in revenue and expenses during the fiscal year, taking into account anticipated unpredictability. Companies first take into consideration expected fixed costs, or at least those that they don't anticipate changing as the year goes on. They then take into account variable costs that fluctuate, periodically analysing costs to make in-the-moment modifications.
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