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1.How are operating budgets developedbymanageemnt? 2. Fixed budgets are often used by firms but what are their limitations? 3.What are variable budgets? 4.How is variance

1.How are operating budgets developedbymanageemnt?

2. Fixed budgets are often used by firms but what are their limitations?

3.What are variable budgets?

4.How is variance analysis used by management in order to determine the issues that must be addressed by management.

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