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Which of the following statements are true flexible budget?

A. On the basis of fixed budget, marginal analysis can be obtained

B. Flexible budget is important for cost reduction and cost control

C. Fixed budgetary system is more flexible than flexible budgetary system

D. None of the above

Related Questions on Management Accounting Test Questions

Time value of money indicates that

A. A unit of money obtained today is worth more than a unit of money obtained in future

B. A unit of money obtained today is worth less than a unit of money obtained in future

C. There is no difference in the value of money obtained today and tomorrow

D. None of the above