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HW QUESTION!?! The master budget and flexible budgets are important aids to management in performing the management functions of planning and control. Briefly describe how

HW QUESTION!?!

The master budget and flexible budgets are important aids to management in performing the management functions of planning and control. Briefly describe how planning and control are facilitated by preparing a master budget and flexible budgets. How are these two types of budgets interrelated with planning and control?

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