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In: Accounting

Mix & Match Identify Which questions belong to Differential Analysis, the Budgeting Process, or the Pricing...

Mix & Match

Identify Which questions belong to Differential Analysis, the Budgeting Process, or the Pricing Process.

1. What budgets are prepared by the company?

2.What is the frequency of budget preparation?

3.Which method of costing Traditional (predetermined overhead rate) or activity based costing is used by the company to arrive at the cost of its products?

4.What are some problems associated with the costing method the company uses?

Describe the process in which the products are created.

5.What are the services provided for customers after the product is sold?

6.How does the company deal with slow moving inventory?

7.What is the typical costing method used by other companies operating in the same industry?

8.Why did the company choose the costing method that you use?

9.How does the company deal with over applied overhead?

10.How does the company pick their vendors and what are key points they must meet?

11.How does the company decide how many products they must make to meet demand?

12. Are managers involved in the preparation of budget?

13. Are budgeted figures compared with actual results and how are the variations are rectified?

Expert Solution

Answer

1. What budgets are prepared by the company? - Budgeting process

2.What is the frequency of budget preparation?- Budgeting process

3.Which method of costing Traditional (predetermined overhead rate) or activity based costing is used by the company to arrive at the cost of its products? - Differential Analysis

4.What are some problems associated with the costing method the company uses? - Differential analysis

5.What are the services provided for customers after the product is sold? - Pricing process

6.How does the company deal with slow moving inventory? - Differential analysis

7.What is the typical costing method used by other companies operating in the same industry? - Pricing process

8.Why did the company choose the costing method that you use? - Pricing process

9.How does the company deal with over applied overhead? - Differential analysis

10.How does the company pick their vendors and what are key points they must meet? - Pricing process

11.How does the company decide how many products they must make to meet demand? - Pricing process

12. Are managers involved in the preparation of budget? - Budgeting process

13. Are budgeted figures compared with actual results and how are the variations are rectified? - Budgeting process

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