Fundamentals of Cost Accounting 4ed: At the end of the month you are busy preparing...

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Accounting

Fundamentals of Cost Accounting 4ed:

At the end of the month you are busy preparing and analyzing the firms flexible budget. A coworker asks you what the advantages are of preparing a flexible budget. After all, the period is over and the actual results are known. Isnt the flexible budget just busy work? How would you respond to your coworker?

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