[Solved] 1. Explain how personal budgeting and cos

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1. Explain how personal budgeting and cost budgeting for production are similar and/or different. Please consider how planning and control factor into this process. 2.

1. Explain how personal budgeting and cost budgeting for production are similar and/or different. Please consider how planning and control factor into this process.

2. What is a flexible budget? Why do we use them? And What is a variance? What is the importance of all of this in the production of products?

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