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Lecture Fundamental accounting principles (20/e): Chapter 24 - Wild, Shaw, Chiappetta

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Chapter 24 - Flexible budgets and standard costs. 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 interpret a flexible budget performance report. | Lecture Fundamental accounting principles (20/e): Chapter 24 - Wild, Shaw, Chiappetta

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