A flexible budget adjusts based on changes in actual revenue or other activities. The result is a budget that is fairly closely aligned with actual results. This approach varies from the more common which contains nothing but fixed expense amounts that do not vary with actual revenue levels.
fixed variable $7,040
Electricity $1,200 $1,320
Maintenance $1,760
wages and salaries $5,000 $2,640
Depreciation $6,000
Rent $8,000
Administrative expenses $4,000 $880
Total expenses $24,200 $13,640
expenses $24,200
flexible budget $37,840
Learn more about the flexible budget here
https://brainly.com/question/25353134
#SPJ4
