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Paper instructions:

Prepare a Flexible Budget and Analyze Budget Variances

Introduction:
A flexible budget summarizes costs and revenues for several different volume levels within a relevant range. It separates variable costs from fixed costs. It is the variable cost that flexes the budget. In this assignment, you will work within groups to prepare a flexible budget and compute and evaluate the variances to determine why the costs differ.

Task:
To work on this assignment, you will refer to page 402 of the textbook, Managerial Accounting, and solve question P8-30B. 

Deliverables and Format:
Submit Parts 1 and 2 of the question in two separate Microsoft Excel worksheets, and Parts 3 and 4 in a Microsoft Word document. Font: Arial; 12-point
Line Spacing: Double