Question: A. Discuss the difference between product cost and period cost. Identify three major components of product cost. B. Compare and contrast Master budget and flexible

A. Discuss the difference between product cost and period cost. Identify three major components of product cost.

B. Compare and contrast Master budget and flexible budget. Which of the two budgets is more useful for performance evaluations

C. Discuss how return on investment and residual income are used to evaluate investment center performance

D. Compare and contrast capital budgets from operating budgets

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