Question: Explain opportunity cost and list two opportunity costs of your
Explain opportunity cost and list two opportunity costs of your decision to enroll in classes this semester.
Answer to relevant QuestionsBriefly explain what happens to total variable costs when a product line is dropped?What are the components of the operating budgets?Briefly describe the difference between budgetary planning and control. What type of variance is calculated by comparing actual costs to the flexible budget? When preparing a company’s flexible budget, which manufacturing cost(s) will change as the volume increase or decrease? Which manufacturing cost(s) will not change as the volume changes?
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