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Flexible Budgets: fixed and variable costs, static vs flexible, CVP analysis

1. Readings

· Read Ch. 22, 23, 24, 26, & 27 of Business Law: Legal Environment, Online Commerce, Business Ethics, and Interpersonal Issues.

2. Learning Team Assignment: Flexible Budgets

· Write a paper in which you discuss flexible budgets.

· Explain the relationship between fixed and variable costs used in a flexible budget.

· Discuss the differences between static and flexible budgets and how a flexible budget lends itself to a cost-volume-profit analysis.

· Format your paper according to APA standards.

· Submit your assignment as an attachment.