What is the effect of volenti non fit injuria in the law of tort?
In negligence, what is the limit of a defendant's liability for damages?
Misty Co's budgetary control report for last month is as follows:
Fixed budget Flexed budget Actual results
$ $ $
Direct costs 61,100 64,155 67,130
Production overhead 55,000 56,700 54,950
Other overhead 10,000 10,000 11,500
126,100 130,855 133,580
What was the volume variance for last month?
Misty Co's budgetary control report for last month is as follows:Fixed budget Flexed budget $ $
Direct costs 61,100 64,155
Production overhead 55,000 56,700
Other overhead 10,000 10,000
126,100 130,855
What was the expenditure variance for last month?
What does a master budget comprise?
Which of the following is NOT a functional budget?
If a company has no production resource limitations, in which order would the following budgets be prepared? (i) Material usage budget (iv) Finished goods inventory budget(ii) Sales budget (v) Production budget(iii) Material purchase budget (vi) Material inventory budget
In a situation where there are no production resource limitations, which of the following items of information must be available for the production budget to be completed?(i) Sales volume from the sales budget(ii) Material purchases from the purchases budget(iii) Budgeted change in finished goods inventory(iv) Standard direct labour cost per unit
When preparing a production budget, what does the quantity to be produced equal?
The quantity of material in the material purchases budget is greater than the inferred from quantity of material in the material usage budget. Which of the following statements can be this situation?