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I need help with 1-4!! Preparing a budget allows managers to Plan for the future Reduce the need for knee-jerk responses to unexpected situations Assess

image text in transcribedI need help with 1-4!!
Preparing a budget allows managers to Plan for the future Reduce the need for knee-jerk responses to unexpected situations Assess whether a division's strategic direction is in line with corporate strategy. All of these answer choices are correct. Information from the manufacturing overhead budget flows to the Ending inventory and costs of goods sold budget Cash budget Both to the ending inventory and costs of goods sold budget and to the cash budget Neither to the ending inventory and costs of goods sold budget nor the cash budget. The easiest way to dispose of variances at the end of the period is to Ignore the variances as they will cancel out during the following period Close the variances to raw materials inventory. Close the variance to the appropriate raw materials inventory, work in process inventory, and finished goods inventory accounts Close the variances to the cost of goods sold account The algebraic equation for the direct materials price variance is Direct materials price variance = AQpurch Times (AP - SP) Direct materials price variance = SQpurch Times (AP - SP) Direct materials price variance = AP Times (AQpurch - SQpurch)

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