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1. How can a flexible budget help managers control costs?
A flexible budget can help managers control costs by showing favorable and unfavorable variances within the planning of the budget.
2. What is an unfavorable variance? How does it relate to overall profit?
Unfavorable variances generally occur when actual cost exceeds standard cost. This often alerts managers that profits will be less than expected.
Partners F and G receive an interest allowance of $10,000 and $15,000, respectively, and divide the remaining profits and losses in a 3:1 ratio. If the company sustained a net loss
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Question 1 a. Contractual liability may be discharged in certain circumstances. Discuss. b. "An aggrieved party in a breach of contract is entitled to claim for damages"
D1=$0.65, D2=$0.74, D3=$0.79, D4=$0.84.Dividen grow continually at rate of 3% per year stating from year 5 onward.assuming the required rate of return to this stock is 12%.what wil
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Calculate breakeven in sales units and in sales value: Tycoon makes and sells 600 toy cars per month. Each toy car is sold for RM40 each. Tycoon is currently producing at 50
Various types of accounting changes can affect the financial statements of a business enterprise differently. Assume that the following list describes changes that have a material
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