During flexible budget preparation accountants used budgeted quantity and budgeted price?

Yes, during flexible budget preparation, accountants typically use both budgeted quantity and budgeted price to calculate the total budgeted amount for each expense or revenue category. Budgeted quantity refers to the expected amount of units or items that will be used or sold during a specific period, while budgeted price refers to the expected cost or selling price per unit or item. By multiplying the budgeted quantity by the budgeted price, accountants can determine the total budgeted amount for each line item in the flexible budget. This allows for more accurate forecasting and planning, as it takes into account both the expected volume of activity and the expected cost or revenue per unit.

Yes