Flexible budgets are so helpful in a multitude of ways. We can play "what if" scenarios with these to help us make decisions, we can evaluate our performance when our actual volume isn't what we had in the static budget but want to see if we adjusted our spending accordingly. They are very helpful:

 

1. What key insights might we be missing if we only compare our performance to our static budgets?

2. Have you ever tried one of these at work or at home?

Answer rating: 100% (QA)

1 If we only compare our performance to our static budgets we might miss important insights related ... View the full answer