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a) How can a budget assist managers to allocate financial resources? b) Explain why many companies believe that cash flow budgeting is important. c) What

a) How can a budget assist managers to allocate financial resources?

b) Explain why many companies believe that cash flow budgeting is important.

c) What do we mean by the term volume-based cost driver? What problems can arise with this approach to product costing in a modern manufacturing environment?

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