Which of the following statements is true regarding the term "flexible budgets" as it is used in accounting?

Which of the following statements is true regarding the term "flexible budgets" as it is used in accounting?
A . The term describes budgets that exclude fixed costs.
B . Flexible budgets exclude outcome projections, which are hard to determine, and instead rely on the most recent actual outcomes.
C . The term is a red flag for weak budgetary control activities.
D . Flexible budgets project data for different levels of activity.

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Answer: D