Write short notes CVP analysis is not free of assumptions. What is your view? Opportunity costs are
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Question:
Write short notes
- CVP analysis is not free of assumptions. What is your view?
- Opportunity costs are relevant for decision-making and as good as out-of-pocket costs. Elucidate with example.
- Variable costing (with respect to absorption costing) is considered better for managerial decision-making. What is your view?
- Master budget is very crucial for planning, resource allocation, coordination, and control. Explain.
- Only exceptional variances are investigated by management. What is your view?
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