Flexible Budget and Overhead Analysis
Subject: Finance | Topics:

A flexible budget is a budget that adjusts or flexes for changes in the volume of activity. The flexible budget is more sophisticated and useful than a static budget, which remains at one amount regardless of the volume of activity. This is a tutorial study based lecture. Here explains how flexible budgets can be used to control variable and fixed overhead costs. Here also prepare a flexible budget and explain the advantages of the flexible budget approach over the static budget approach.

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