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Question 3. In 2018 Steve Company used static budgeting. They switched in 2019 to a different...

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Finance

Question 3. In 2018 Steve Company used static budgeting. Theyswitched in 2019 to a different budgeting process and they wereable to identify unnecessary spend in their advertising budget.Even though there was no variance identified in the advertisingbudget when they used the static budgeting process. What type ofbudgeting process did Steve Company switch to?

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The type of budgeting process Steve Company switched to is Flexible budgeting process In static budgeting budget amounts are fixed and remain same as prepared and approved In flexible budgeting process budget is prepared at different sales volumes In flexible budgeting process budget amounts flexchange with changes in volume    See Answer
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Question 3. In 2018 Steve Company used static budgeting. Theyswitched in 2019 to a different budgeting process and they wereable to identify unnecessary spend in their advertising budget.Even though there was no variance identified in the advertisingbudget when they used the static budgeting process. What type ofbudgeting process did Steve Company switch to?

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