The control function is comparing actual with budgeted results and taking corrective action when needed.This is the definition of the control function.
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Q2: Managers of small,private corporations use managerial accounting
Q3: Financial accounting information is prepared according to
Q4: Opportunity cost is the cost of not
Q5: Variable costs are always direct costs.Variable costs
Q6: Financial accounting information is generally used exclusively
Q7: The planning function is the arranging of
Q8: Financial accounting information is reported for the
Q9: Managerial accounting information includes such items as
Q10: An indirect cost can be readily traced
Q11: Costs can be sorted or categorized in
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