Under which budgeting approach would flexible budgets more likely be used, and why? What might be the most important consideration in investigating budget variances? What are the potential benefits of monitoring direct cost variances and overhead variance
finance
Description
Under which budgeting approach would flexible budgets more likely be used, and why? What might be the most important consideration in investigating budget variances? What are the potential benefits of monitoring direct cost variances and overhead variances? Why should (shouldn't) managers be commended for achieving favorable overhead spending, efficiency, and production volume variances?
