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As a manager, discuss how you would use or have used the concept of (flexible budgets...

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Accounting

As a manager, discuss how you would use or have used theconcept of (flexible budgets and performance analysis) and(standard costs and variances)

Why might managers find a flexible-budget analysis moreinformative than static-budget analysis?

How might a manager gain insight into the causes offlexible-budget variances for direct materials, labor, andoverhead? Provide at least one numericalexample to support your thoughts.

Answer & Explanation Solved by verified expert
4.2 Ratings (487 Votes)
Flexible budgets are an importantpart of performance appraisal in an organisation A performanceappraisal takes place end of the year It reviews the actualperformance with the targets set during the year Now when actualperformance is monitored against the target at end of the year itshould be checked what was the level of    See Answer
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