Instructions – PLEASE READ THEM CAREFULLY
1 The works should be in your own words.
2 The answer must be typed using Times New Roman (size 11, single-spaced).
3 one page.
4 Support your answer with at least 3 references.
Discuss how static budget failed to analyze cost and revenues variances and how flexible budget has overcome static budgets’ deficiencies and explain how does the flexible budget actually work?