FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Waterway Industries prepared a 2022 budget for 237000 units of product. Actual production in 2022 was 180000 units. To be most
useful, what amounts should a performance report for this company compare?
O The actual results for 180000 units with the original budget for 237000 units.
O The actual results for 180000 units with a new budget for 180000 units.
O The actual results for 180000 units with last year's actual results for 187900 units.
O All of these comparisons are equally useful.
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Transcribed Image Text:Current Attempt in Progress Waterway Industries prepared a 2022 budget for 237000 units of product. Actual production in 2022 was 180000 units. To be most useful, what amounts should a performance report for this company compare? O The actual results for 180000 units with the original budget for 237000 units. O The actual results for 180000 units with a new budget for 180000 units. O The actual results for 180000 units with last year's actual results for 187900 units. O All of these comparisons are equally useful.
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