Week 4- Managerial Accounting

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  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.

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The Question:

 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?