Define flexible budget and explain its importance as a budgeting technique and tool of control.

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Cost Accounting

ISBN: 9780070221628

4th Edition

Authors: Jawahar Lal, Seema Srivastava

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Question Posted: Sep 08, 2023 05:49 AM

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Define flexible budget and explain its importance as a budgeting technique and tool of control.

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A flexible budget is a financial plan that adjusts for changes in activity levels such as sales volume or production output Unlike a static budget whi...View the full answer

Cost Accounting

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