The "Flexible Budget" Can Best Be Described as a Budget

Multiple Choice

The "flexible budget" can best be described as a budget that adjusts:

A) Revenues for sales-dollar changes.
B) Budgeted revenues and expenses for changes in output (such as sales volume) .
C) Expenses for changes in budgeted output between two periods.
D) For efficiency, but not selling price and cost, changes (variances) during a period.
E) For selling price and cost variances, but not efficiency variances.