COST ACCOUNTING
THE MASTER BUDGET
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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This month Mando’s expenses are greater than his income. What are two actions Mando can take in order to balance his budget?
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Increase expenses and decrease income
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Decrease expenses and decrease income
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Decrease expenses and increase income
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Increase expenses and increase income
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Explanation:
Detailed explanation-1: -Which of the following budgets would be considered balanced? A budget where the amount you earn is equal or less than to the amount you spend.
Detailed explanation-2: -Wages paid to workers however can vary as the number of workers increase or decrease. Hence it is not considered as a fixed cost.
There is 1 question to complete.