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What is difference between static and flexible budget

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Reference no: EM132455243

Discussion Questions -

1) Do small companies need budgets as much as large companies?

2) How are responsibility centers used to incentivize managers?

3) What is the difference between a static budget and a flexible budget?

4) How does management use these budgets to gain insight into performance?

5) Describe the variable overhead variances.

6) How does a manager plan for these variances?

Reference no: EM132455243

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