Cost Accounting (15th Edition)

Published by Prentice Hall
ISBN 10: 0133428702
ISBN 13: 978-0-13342-870-4

Chapter 7 - Flexible Budgets, Direct-Cost Variances, and Management Control - Assignment Material - Questions - Page 274: 7-5

Answer

A flexible budget is more informative for managers because it reflects actual performance, allows performance evaluation at different activity levels, supports detailed variance analysis, aids in decision-making through "what-if" scenarios, and adapts to changing business conditions.

Work Step by Step

A flexible budget is more informative for managers because it reflects actual performance, allows performance evaluation at different activity levels, supports detailed variance analysis, aids in decision-making through "what-if" scenarios, and adapts to changing business conditions.
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