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Lecture Fundamental accounting principles (21e) - Chapter 24: Performance measurement and responsibility accounting. After completing this chapter you should be able to: Define standard costs and explain how standard cost information is useful for management by exception, describe variances and what they reveal about performance, analyze changes in sales from expected amounts, prepare a flexible budget and interpreta flexible budget...
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Từ khóa: Flexible budgets, Standard costs, Flexible budget reports, Accounting principles, Fundamental accounting principles, Lecture Fundamental accounting principles