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Managerial Accounting Questions What is the role of Sales or Service Revenue for budgeting process? What is the role of Standards and how do they
Managerial Accounting Questions
- What is the role of Sales or Service Revenue for budgeting process?
- What is the role of "Standards" and how do they help for managerial decision making process?
- Do you think that "Static Budgets" can be misleading for managers? Please explain your reasoning.
- Suppose that the production manager of your factory is a particularly optimistic individual. If you were in charge of developing the "Master Budget", how would you be influenced by this knowledge?
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