Organisations should always use ideal standards to motivate employees.
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Q3: Sensitivity analysis can be used to estimate
Q4: Variance analysis involves calculating variances and preparing
Q5: A flexible budget uses the variable cost
Q6: Another name for master budget is static
Q7: Standards should be reviewed periodically.
Q9: A flexible budget is a set of
Q10: Ideal standards assume perfect operating conditions that
Q11: Currently attainable standards assume normal operating conditions
Q12: There are two types of standards; ideal
Q13: The standard cost of direct labour is
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