Differences between Static and Flexible Budgets?

Answer

The difference between static budget and a flexible budget is that a static budget does not change with the output while a flexible budget changes with the level of outputs. Static budget has a limited application while a flexible budget has a variety of applications.
Q&A Related to "Differences between Static and Flexible Budgets..."
Static Budget: Shows the expected results of a responsibility center for only one activity level. Once the budget is made, it is not changed, even if the activity level changes. Flexible
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In a fixed, or static, budget, the budget shows results for only one level of activity, such as production. Even if that activity level changes, the budget does not. For example,
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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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Basically, there are two main categories of budget namely the flexible and fixed budget. Below article describe what is a flexible and fixed budget and differentiate them. A flexible
http://principlesofaccounting.blogspot.com/2009/06...
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