1. What is variable costing analysis. Describe what you learned about this topic and how variable
1. What is variable costing analysis. Describe what you learned about this topic and how variable costing differs from absorption costing.
2. We cover two chapters (20-21) that focus on budgeting. Please choose one of the budgets presented (cash receipts, purchases, production, etc.), provide a brief explanation of how it is calculated/determined, and discuss its importance in the managerial accounting field.
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