managerial accounting 94

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  • Flexible Budgets & Standard Costs
  • Variance Analysis
  • Master Budget” vs. “Flexible Budget”
  • Deficiencies of “Static” Master Budget
  • Benefits of being able to “Flex” the budget
  • Prepare a Flexible Budget and examine comparisons between the Flexible Budget and, in turn, the Master Budget and Actuals
 
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