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1. How can a flexible budget help managers control costs?
A flexible budget can help managers control costs by showing favorable and unfavorable variances within the planning of the budget.
2. What is an unfavorable variance? How does it relate to overall profit?
Unfavorable variances generally occur when actual cost exceeds standard cost. This often alerts managers that profits will be less than expected.
Defence of trustee 1) He may be relieved from liability if, in the opinion of the court, he acted honestly and reasonably and ought to be excused; 2) He may also be released
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how to prepare a overhead analaysis
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