Explain the advantage of using a flexible budget

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1.) Find a journal article online about standard costing. In the subject line of your post, include the title of the article that you read. Post a link to that article with your initial post, and provide a summary and a reaction to the article. The summary should be approximately 250 words, and the reaction should be approximately 150 words. The summary should describe the major points of the article, and the reaction should demonstrate your interpretation of the article and how you can apply that knowledge. Your initial post should be approximately 250-500 words, and cite at least one reference used in preparing your response

2.) Explain the advantage of using a flexible budget. Also, why are flexible overhead budgets based on an activity measure, such as hours or process time or machine time?

Reference no: EM13137340

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