2023 What is the major distinction between a static budget and a flexible budget What are the costs versus benefits when | Assignments Online

2023 What is the major distinction between a static budget and a flexible budget What are the costs versus benefits when | Assignments Online

Assignments Online 2023 Business Finance

 

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 budget is compared to actual amounts.

Support your rationale with examples and provide one academic resource.

I have attached 2 examples.

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