Distinguish between standard costing and budgetary control
Question:
Distinguish between standard costing and budgetary control. Discuss the inter-relationship between budgetary control and standard-costing system.
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The weight produced is 180 tonnes of a good product. Calculate the material variances.
From the following information, calculate: Material-cost variance. Material-usage variance and . Material-price variance separately for X and Y
Q1) How many kinds of inventory items does S & S sell? Q2) How many sales were made during October?
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What do you understand by the term "disposition of variances"? Mention the methods that are used for accounting treatment of variances.
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Calculate the average labour cost per piece during the week and analyse the labour-cost variance for the work.
The given misstatements are included in the inventory and related records of Westbox Manufacturing Company:
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