How are flexible budgets useful in controlling costs


Response to the following questions:

1. How is the budgeting process for a service firm similar to the budgeting process for a manufacturing firm? What are any differences?

2. Describe the three sections of a cash budget.

3. How does a cash budget differ from a pro-forma income statement?

4. How are flexible budgets useful in controlling costs?

 

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Financial Accounting: How are flexible budgets useful in controlling costs
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