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When preparing a flexible budget, the level of activity ______. Multiple choice question. affects fixed costs only affects variable costs only has no effect on costs affects both fixed and variable costs

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It should be noted that When preparing a flexible budget, the ,level of activity Affects variable costs only.

What is a flexible budget?

A flexible budget can be regarded as a budget which adjusts or flexes with changes in volume or activity.

It us a budget that is more sophisticated and useful than a static budget.

Learn more about flexible budget at;

https://brainly.com/question/25790358

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