The master budget and flexible budgets are important aids, Operation Management

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The master budget and flexible budgets are important aids

The master budget and flexible budgets are important aids to management in performing the management functions of planning and control. Briefly describe how planning and control are facilitated by preparing a master budget, flexible budgets and forecasts. How are these financial tools interrelated with planning and control?

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Operation Management: The master budget and flexible budgets are important aids

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