Differences between budgeted amounts and actual amounts are called budget benchmarks.
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Q23: A favourable variance may be caused by
Q24: Budgeted operating cash receipts are calculated using
Q25: One reason that variances can occur is
Q26: Cash payments are always budgeted to take
Q27: Differences in actual and budgeted sales volume
Q29: The sales volume and revenue budget is
Q30: Budgeting is complex for multinational companies due
Q31: The budgeted statement of financial position is
Q32: An unfavourable variance occurs when actual costs
Q33: Favourable variances are always positive amounts; unfavourable
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