The major differences between a fixed and a flexible budget

Reference no: EM13248473

1. Explain the major differences between a fixed and a flexible budget.
2. What are the business purposes for preparing flexible budgets? Planning, control, what if analysis, what? FBs are a lot of work. Why spend the time?
3. What are the major differences between basic, maximum efficiency, practical, and expected standards?

Reference no: EM13248473

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