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) Revenues and expenses for changes in output.
C) Expenses for changes in budgeted output between two periods.
D) For efficiency,but not selling price and cost variances.
E) For selling price and cost variances,but not efficiency variances.