my business is GreenTech and we specialize in eco friendly technolgy (mostly solar panels)

Chapter 7 introduces the concept of flexible budgets and variances. Direct-cost variances-direct materials price and efficiency variances and direct labor price and efficiency variances are calculated and analyzed. In addition, managerial use of variances and benchmarking are discussed. Begin by including the name of your business. Discuss how the concept of flexible budgets and variances impact your business. What about chapter 7 has helped improve your business. How would you use variances for planning and improved operational efficiency? What role does benchmarking have in improving your operations? Discuss and respond to at least two classmates. Consider yourself to be a business consultant or business partner of your classmate