Question
Variance Analysis:- Capital Budgeting and Operating Budgets. Write an analytical summary of your learning outcomes from chapters 9 and 10( Flexible Budget and Standard Costs)
Variance Analysis:-Capital Budgeting and Operating Budgets.
Write an analytical summary of your learning outcomes from chapters 9 and 10(Flexible Budget and Standard Costs). In addition to your analytical summary, address the following:
1. As a manager, discuss how you would use or have used the concepts presented in chapters 9 and 10(Flexible Budget and Standard Costs).
2. Why might managers find a flexible-budget analysis more informative than static-budget analysis?
3. How might a manager gain insight into the causes of flexible-budget variances for direct materials, labor, and overhead?
Provide at least one numerical example to support your thoughts.
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