Question 1- min 100 word & Reference
What is a static budget? What is a flexible budget? Which is more useful, and why? Cite any references used. Participate in follow-up discussion by reviewing your classmates’ posts, adding additional information, asking questions, or responding to follow-up questions posed by your instructor.
Question 2-min 100 word & Reference
What is a self-imposed budget? What are the major advantages of self-imposed budgets?What caution must be exercised in their use?
Question 3-min 100 word & Reference
What is an activity variance and what does it mean?What is a revenue variance and what does it mean?What is a spending variance and what does it mean?
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