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1. What would be the risks of making decisions based on the report by the accountant? 2. How did the managerial accounting process of flexible

1. What would be the risks of making decisions based on the report by the accountant?

2. How did the managerial accounting process of flexible budget, standard costing and variance analysis improve the analysis of the operations of the firm?

3. What would be your reaction, as a manager, now that all the new information has reached your desk?

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