Variance Analysis and Flexible Budgets

Answer each question separately, do not write more then a paragraph.

1)discuss the three basic types of cost behavior classifications and provide an example of each.

2)compare and contrast fixed and flexible budgets. When is each an appropriate measure for performance evaluation?

3)Which amounts would be the same total amount on a flexible budget and a static budget if the activity level is different for the two types of budgets? Explain

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