Preparing and analyzing the firm’s flexible budget

At the end of the month you are busy preparing and analyzing the firm’s flexible budget. A coworker asks you what the advantages are of preparing a flexible budget. After all, the period is over and the actual results are known. Isn’t the flexible budget just busy work? How would you respond to your coworker?

Requirements: Answer all questions completely. Post should be 250 words or more, use only creditable sources.