Ompare and contrast the fixed and flexible budgets

In doing so you are requested to address the following:
1- What are fixed and flexible budgeting?
2- What are the differences between fixed and flexible budgets?
3- The steps used to prepare each type
4- The purposes of each type
5- Which is better for control function and why?

Instructions:

– The outlines of the submitted report are:
(1) Introduction
(2) Discussion
(3) Conclusion
(4) References

– Use Times New Roman font, size 12 and double space
– Word limit: the word count should not exceed 1500 words (excluding tables and figures and references).

Referencing Requirements:
please, only internet sources