What was the purpose of flexing the budget ( what is also called Flexible budget).Explain the budget , revised budget and actuals and variance discussed in the video.

Paper detalis:

Standard costing and variance analysis
Read Variance analysis from the following links:
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(1) From the revenue variance analysis explain workings of sales mix variance , sales quanity variance and sales volume variance.
(2) Study examples of material , labour and fixed overhead variance – no submission required.
(3) Go through the video at the end of the lesson. What was the purpose of flexing the budget ( what is also called Flexible budget). It is discussed 2MINUTES ONWARDS . Explain the budget , revised budget and actuals and variance discussed in the video.