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Describe the difference between static and flexible budget

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Reference no: EM132762556

Questions -

Q1.1 a: Why is it important for managers to plan?

b: Indicate how co-ordination of activities benefit the organization.

c: Why is feedback important to the budget process?

Q1.2: Briefly describe the difference between static and flexible budget. Also Explain the influence of fixed and variable costs when preparing a flexible budget.

Q2: List five (5) factors that need to be considered when preparing budgets.

Q3: Briefly discuss Qualitative and Quantitative methods for forecasting.

Reference no: EM132762556

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