Description
Answer each question with 100 words or more
- What types of organizations might use flexible budgets?
- Why are flexible budgets useful?
- What are variances and why do these occur?
- What factors would you consider when deciding whether to investigate a variance?
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Flexible Budgeting and Variances
What types of organizations might use flexible budgets?
A flexible budget plan is a kind of budget that is utilized to appraise different levels of
work. The flexible budget plan is utilized together with the static budget plan in that it utilizes
the static budget's data and applies it to various levels of movement. Companies, for example:
restaurants, manufacturing organizations, and even hotels utilize fl...
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