Please include a 200-300 response to the scenario below with FULLY explanation

"The Second City has been North America's premier live improvisationally and sketch comedy theatre company for the past 55 years. Many famous Canadian stars began their careers at The Second City, including John Candy, Mike Myers, Dan Aykroyd, and Martin Short. More than just The Second City Television (SCTV), The Second City includes training centers, national touring companies, media, and entertainment offshoots, and a corporate communication division. You are the chief accountant for The Second City. Your job includes budgeting for the live performances, including the national touring companies and the customized comedy shows put on by the company. At the beginning of each year, you must put together budgets for these performances based on projected demand for the shows and projected costs. As the year unfolds, you want to update the budgets in accordance with new information and create performance reports that compare the actual costs with projected costs. What information will you need to create flexible budgets for the live performances and how would you organize/present it? ".

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In order to create a flexible budget for the live performances The Second City will need to gather d... View the full answer