The purpose of flexible budget is to: (2 points) Compare actual and budgeted results at any level of production Reduce the total time in preparing the annual budget Allow management some latitude in meeting goals. Eliminate cyclical fluctuations in production reports by ignoring variable costs Each unit of product X requires 12 machine hours. Machine time is the bottleneck resource with only 2000 machine hours available per week. Produce X is sold for $300 per unit and has direct material cost of $200 per unit. The total factory cost is $13000 per week. What is the Throughput accounting ratio (TPAR) of product X (2 points) 1.53 2.65 0.52 3.89 10 Which of the following rule pertaining to transfer pricing is correct? (2 points) If Limited capacity and unlimited external demand transfer price should be - Variable cost + Lost contribution. If unlimited capacity and limited external demand, then TP = Variable cost + Lost contribution. If Limited capacity and unlimited external demand transfer price should be only variable cost All the above