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Illustrate the use of a flexible budget with an example

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Reference no: EM132318493

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Some individuals assume that a flexible budget means the organization just changes the budget whenever something happens that was not budgeted.

Nothing could be further from the truth. Explain the concept of a flexible budget, why it is used, and what value it serves managers within the organization. Illustrate the use of a flexible budget with an example.

Reference no: EM132318493

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