Tap the one that does not fit
Exercise and reference answers
- Questions
- Items
- Production budget
- Cash budget
- Master budget
- Odd item
- Master budget
- Items
- Material price variance
- Fixed budget
- Flexible budget
- Odd item
- Material price variance
- Items
- Direct material
- Office rent
- 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_