(Answered) 1 assume that palm is budgeted to operate at 80 of capacity

Accounting

1. Assume that Palm is budgeted to operate at 80% of capacity but actually operates at 75% of capacity. What effect will the 5% deviation have on its controllable variance? Its volume variance?

2. What is the purpose of using standard costs?

3. What limits the usefulness to managers of fixed budget performance reports?

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