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1. Flexible Budgets and Performance Analysis
2. Standard Costs and Variances
Write an analytical summary of your learning outcomes . In addition to your analytical summary, address the following:
i. As a manager, discuss how you would use or have used the concepts
ii. Why might managers find a flexible-budget analysis more informative than static-budget analysis?
iii. How might a manager gain insight into the causes of flexible-budget variances for direct materials, labor, and overhead? Provide at least one numerical example to support your thoughts.
Identify various levels and types of strategy in a firm
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