### Relationship between job costing and activity based costing

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##### Reference no: EM132049769

Questions - Each question have a 200-words requirement.

1. What is the common relationship between job costing, activity based costing, master budget, and responsibility?

2. Deal with both flexible budgets and variance analysis. In your opinion, what aspects of these concepts do you feel are most useful?

3. Address absorption costing, variable costing, and cost behavior. Which do you think are most important with respect to financial statement? Why?

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