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Question 1: Which one of the following statements best explains forecasting?
Options:
A. The less removed the forecast period is from the date the forecast is made, the greater the difficulty in making the forecast and the greater the risk that the actual results will differ from the forecast.
B. Forecasting eliminates the uncertainty of future sales and expenses.
C. Forecasting is typically done based on demand for the goods and products (i.e., guest demand to a hotel room).
D. Forecasting generally relies on the managerial institution and expertise.
The equipment will be installed in the company existing facility which cash flows would not be relevant to the decision to acquire the new equipment ?
BusyBody Company expects its November sales to be 20% higher than its October sales of $180,000. Purchases were $110,000 in October and are expected to be $160,000 in November.
Outline the differences between Marginal and Absorption costing. Indicate which method should be used for financial accounting purposes and why.
Now assume that 20% of the fixed overhead can be avoided if the ingredient is purchased externally. Which alternative is more cost effective and by how much?
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AFE5004-B Management Accounting Assignment help and solution, University of Bradford - assessment writing service - Calculate the manufacturing overhead
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consider the following scenariothe ski pro corporation which produces and sells to wholesalers a highly successful line
Why do you think companies make mistake of only paying close attention to the static budget? Is it just not wanting to spend the time and money?
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