1. Flexible Budgeting At the beginning of the period, the Fabricating Department budgeted direct labor of $147,000 and equipment depreciation of $36,000 for 10,500 hours of production. The department actually completed 13,500 hours of production. Determine the budget for the department, assuming that it uses flexible budgeting. $
2. As a financial adviser, which financial assets would you advise your clients to buy and why? (Discuss potential returns and risk)