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1. Flexible Budgeting At the beginning of the period, the Fabricating Department budgeted direct labor of $147,000 and equipment depreciation of $36,000 for 10,500 hours of production. The department actually completed 13,500 hours of production. Determine the budget for the department, assuming that it uses flexible budgeting. $

2. As a financial adviser, which financial assets would you advise your clients to buy and why? (Discuss potential returns and risk)

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