Question: Q1: As it relates to this Chapter, answer the following: - What is the purpose of a spending or revenue variance? How can management use

Q1: As it relates to this Chapter, answer the following:

- What is the purpose of a spending or revenue variance? How can management use this?

- And similarly, what is the purpose of the activity variance? How might management use this?

- Finally why don't companies always use flexible budgets?

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