How Are Operating Budgets Created? How Do Managers Evaluate Performance Using Cost Variance Analysis? As a manager, discuss how you would use or have used the concepts presented in above concepts
2. Why might managers find a flexible-budget analysis more informative than static-budget analysis?
3. How might a manager gain insight into the causes of flexible-budget variances for direct materials, labor, and overhead? Provide at least one numerical example to support your thoughts.