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Unformatted text preview: What is a flexible budget? A flexible budget is a type of budget that companies use in order to predict and have written down various levels of activity within the company. This is also a set of revenue and expense projections at different various production or sales volumes. It also breaks what is budgeted and what is actually what is showing now this is a good tool for companies to compare information before making big decisions. But the other feature that can be added to a flexible budget is a section called difference which will actually show the company who thought it is favorable that it will happen or unfavorable that it will not happen. There are also other helpful details on a flexible budget like costs and then all of them listed individually. There is also production in units, both of these predict for the future for the success in the company. Flexible budgets are really good for a company to use because things change in the company so much that a budget needs to be flexible before it is able to...
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This note was uploaded on 01/07/2012 for the course COM 155 155 taught by Professor Shepherd during the Spring '10 term at University of Phoenix.
- Spring '10