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Tap the one that does not fit

Exercise and reference answers

Questions
  1. Items
    1. Production budget
    2. Cash budget
    3. Master budget
    Odd item
    Master budget
  2. Items
    1. Material price variance
    2. Fixed budget
    3. Flexible budget
    Odd item
    Material price variance
  3. Items
    1. Direct material
    2. Office rent
    3. Direct labour
    Odd item
    Office rent
Instructions
Three belong together. Tap the odd one out.

Explanation

_Source: ICAI CA Inter Cost and Management Accounting, Ch15, 15.5 fixed versus flexible_
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