In your own words, explain the following: a) in order to 'flex a budget what type of costs are required? b) Why is it imperative that we flex the budget to adjust for actual level of activity? c) In the ADMS2510 course, you have learned about operational control systems. Many companie Ike MacBeth Company may use flexible budgets, standard costs, and variances as part of their financial control model in the short run Identify at least two primary limitations of these short-term financial performance indicators