Estimates of what revenues and costs should have been based on the actual level of activity are shown on the budget.

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11-04-2022
Business

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Estimates of what revenues and costs should have been based on the actual level of activity are shown on the budget.

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topeadeniran2 topeadeniran2 · Answer 1 · 2022-04-15T11:48:24+02:00

The estimates of what revenues and costs should have been based on the actual level of activity are shown on the flexible budget.

What is budget?

It should be noted that budget simply means an estimate of the revenue and expenditure for a given period.

In this case, the estimates of what revenues and costs should have been based on the actual level of activity are shown on the flexible budget.

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