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What are the six benefits of having a budget

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Reference no: EM132998318

Question 1: What is the budget? What is the master budget? Describe its components. What is a static planning budget?

Question 2: What are the (six) benefits of having a budget?

Question 3: What is a flexible budget?

Question 4: How does a flexible budget differ from a static planning budget?

Question 5: What are three reasons that actual results may differ from what had been budgeted for at the beginning of a period?

Question 6: How does a flexible budget account for these variances?

Reference no: EM132998318

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