Explain the difference between a forecast and a budget. Give examples to illustrate the differences between: (a).

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Explain the difference between a forecast and a budget. Give examples to illustrate the differences between:

(a). Fixed budget,

(b). Flexible budget,

(c). Functional budget.

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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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Explain the difference between a forecast and a budget. Give examples to illustrate the differences between: (a).

Question:

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A forecast and a budget are both financial planning tools used by organizations but they serve different purposes and have distinct characteristics He...View the full answer

Cost Accounting

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