The primary difference between a static budget and a flexible budget is that a static budget
a. is suitable in volatile demand situation while flexible budget is suitable in a stable demand situation.
b. is concerned only with future acquisitions of fixed assets, whereas a flexible budget is concerned with expenses that vary with sales.
c. includes only fixed costs, whereas a flexible budget includes only variable costs.
d. is a plan for a single level of production, whereas a flexible budget can be converted to any level of production.
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