Provide in one brief sentence, a possible and reasonable explanation for the variable cost variance Provide in one brief sentence, a possible and reasonable explanation for the fixed cost variance There are four areas on the Balanced Scorecard. Explain What are they? Financial Perspective Learning and growth Internal Business Perspective Customer Perspective

What is a benefit of participative budgeting What is Budgetslack Why would one include slack in a budget Explain how budgets impact on management behaviour What is the benefit if zero based budgeting Why is zero based budgeting not always done What is fundamental objective of kaizen budgeting What is the starting point of budgeting in a for profit firm and in a not for profit entity What is a static budget How does a flexible budget differ from the static budget What is the benefit of using a flexible budget When would one investigate budget variances