Discuss the differences between static and flexible budgets

Reference no: EM131342322

1. Discuss the differences between static and flexible budgets.

2. Why are flexible budgets superior to static budgets for performance reporting?

3. Explain why mixed costs must be broken down into their fixed and variable components before a flexible budget can be developed.

4. What is the purpose of a before-the-fact flexible budget?

Reference no: EM131342322

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