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Discuss flexible budgets and performance analysis

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Reference no: EM132449602

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.

Reference no: EM132449602

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