Question: 1. explain budgeting vs long-range planning and give some examples 2. Define ROI and 2 examples of how a company can improve their ROI 3.

1. explain budgeting vs long-range planning and give some examples

2. Define ROI and 2 examples of how a company can improve their ROI

3. Define Cost drivers and an example of for a clothing company

4. Provide examples for over and underapplied overhead

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