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Explain fixed and flexible budgeting

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Reference no: EM132600410

Question 1: Explain fixed and flexible budgeting. Provide an example of budgeting for three consecutive periods in which safety margin is included for flexibility

Question 2: Explain statement of cash flows proforma and its significance in budgeting. Provide a hypothetical example of financial statements consisting of an initial balance sheet, income statement, statement of cash flows and ending balance sheet in a manufacturing enterprise.

Reference no: EM132600410

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