9). Capital Budgeting
10).  How to Create Operating Budgets


1.     As a manager, discuss how you would use or have used the concepts presented in chapters 9 and 10.

2.     Why might managers find a flexible-budget analysis more informative than static-budget analysis?

3.     How might a manager gain insight into the causes of flexible-budget variances for direct materials, labor, and overhead?

Provide at least one numerical example to support your thoughts.