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Explain the components of master budget

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Reference no: EM133149103

Question 1. Explain the components of a master budget and examine how managers use a master budget in decision making.

Question 2. Explain and examine the process of preparing one of the following budgets: (a) production budget; (b) direct materials budget; or (c) direct labor budget.

Question 3. Compare and contrast between a flexible budget and a static planning budget.

Question 4. Distinguish between revenue variance and spending variance. Give examples of each variance.

Reference no: EM133149103

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