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Discuss the reason for budgeting in multinational companies

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Reference no: EM13326878

1. What is ABC Costing and how can it make a difference in the way a company prices its products?

2. Discuss the cost hierarchy categories. Why do we categorize cost this way?

3. Discuss the importance of making a budget.

4. Discuss the reason for budgeting in multinational companies.

5. Discuss the different types of Standards that are considered when dealing with variances.

6. What is a Flexible Budget? How is it realized? What is its function in term of variances? What is a Static Budget?

7. Discuss the three variance levels. What is the purpose of having these levels?

8. Discuss what is the significance of a Variable Overhead Flexible Budget Variance of $10,500 U?

Reference no: EM13326878

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