Reference no: EM132762850

Problem 1: All of these are ways in which budgeting can provide information for decision-making, except:
A. providing profit forecasts to capital markets.
B. planning labour inputs.
C. predicting when a reversal in the stock market will occur.
D. setting targets for managers.
E. All of the above

Problem 2: If actual sales are $38,000 and budgeted sales are $42,000 and actual rent paid is $7,300 and budgeted rent is $8,100 the variances are respectively:

A. $4,000 F: $800 U
B. $4,000 U: $800 F
C. $4,000 F: $800 F
D. $4,000 U: $800 U
E. $4,000 U: $1,100 F