Comparing actual results with budgeted results on a periodic basis provides control in a budgetary system.
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Q6: Budgets identify objectives and the actions needed
Q7: The master budget is typically a comprehensive
Q8: There are as many direct materials purchases
Q9: The department manager reviews the budget, provides
Q10: The budget director is the person responsible
Q12: The production budget is prepared in units
Q13: A continuous budget is a moving 12-month
Q14: A strategic plan identifies strategies for future
Q15: Control is achieved by comparing actual results
Q16: The master budget is composed of operating
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