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In this discussion question you will describe the importance of flexible budgets and variance analysis. Explain the differences in the variances described in Chapter 17.

In this discussion question you will describe the importance of flexible budgets and variance analysis.

Explain the differences in the variances described in Chapter 17. Discuss, in your opinion, if flexible budgets should be prepared and why.

Collier, P. M. (2015). Accounting for managers: Interpreting accounting information for decision making (5th ed.). United Kingdom: Wiley & Sons Ltd. ISBN13: 978-1-119-00294-9 softcover.

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