34.Which TWO of the following statements about fixed and flexible budgets are true?
A.Comparison of a fixed budget with the actual results is useful for budgetary control purposes
B.Flexible budgets are prepared using marginal costing techniques
C.Flexible budgeting assumes that most costs are semi-variable
D.Fixed budgets are useful for monitoring fixed costs
答案：Flexible budgets are prepared using marginal costing techniques and Fixed budgets are useful for monitoring fixed costs
Flexible budgets are prepared using marginal costing techniques and knowledge of cost behaviour. The flexible budget shows the expected cost or revenue for each item for the relevant level of activity.
Fixed budgets are not useful for budgetary control purposes because actual activity levels rarely match budgeted actity levels. Fixed costs should be fixed at any level so a fixed budget is useful for monitoring fixed costs.
