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What is the major distinction between a static budget and a flexible budget? What are...

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Accounting

What is the major distinction between a static budget and a flexible budget? What are the costs versus benefits when a manufacturing business implements a flexible budget? Give an example of a static budget producing incorrect differences when the budget is compared to actual amounts.

Support your rationale with examples and provide one academic resource.

**PLEASE DO NOT COPY OTHER POSTS, THANK YOU!**

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