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Use your book and other sources and answer the following questions in 400 or more words. What is budget? 2-What are the advantages of budget?

Use your book and other sources and answer the following questions in 400 or more words. What is budget? 2-What are the advantages of budget? 3-What are some potential problems in implementing budgets? 4- their difference 5- Static and flexible budgets and explain Explain direct material variance and labor variance. Please give a good explanation and example to support your

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