Forever Mart (FM) has a Kaizen (continuous improvement) approach to budgeting activity area costs for each month of 2022. Each successive month, the budgeted cost driver rate decreases by 0.3% relative to the preceding month (so, for example, February's budgeted cost driver rate is 0.997 times January's budgeted cost driver rate, and March's budgeted cost driver rate is 0.997 times the budgeted February 2022 rate). FM assumes that the budgeted amount of cost driver usage remains the same each month. (Click the icon to view the four activities and their cost data.) Required 1. What is the total budgeted cost for each activity and the total budgeted indirect cost for March 2022? 2. What are the benefits of using a Kaizen approach to budgeting? What are the limitations of this approach, and how might FM management overcome them? C Requirement 1. What is the total budgeted cost for each activity and the total budgeted indirect cost for March 2022? Begin by calculating the budgeted cost driver rates for February. Then calculate March. (Round your answers to five decimal places.) Budgeted Cost Driver Rates

should be answered in the format below

what is 2 plus eight ?

4+1?

1 .  W h a t   a r e   t h e   r o l e s   o f   m a n a g e m e n t   a n d   t h e   a u d i t o r   i n   t h e   p r e p a r a t i o n   a n d   i n t e g r i t y   o f   t h e   f i n a n c i a l   s t a t e m e n t s ? 2 .   W h y   d o   s o m e   u n q u a l i f i e d   o p i n i o n s   h a v e   e x p l a n a t o r y   p a r a g r a p h s ? 3 .   W i l l   t h e   a c c o u n t a n t   e x p r e s s   a n   o p i n i o n   o n   r e v i e w e d   f i n  a n c i a l   s t a t e m e n t s ?   D e s c r i b e   t h e   a c c o u n t a n t ’ s   r e p o r t   f o r   r e v i e w e d   f i n a n c i a l   s t a t e m e n t s . 4 .   W h y   a r e   n o t e s   t o   s t a t e m e n t s   n e c e s s a r y ? 5 .   W h a t   i s   t h e   r e l a t i o n s h i p   b e t w e e n   t h e   a c c o u n t i n g   e q u a t i o n   a n d   t h e   d o u b l e - e n t r y   s y s t e m   o f   r e c o r d i n g   t r a n s a c t i o n s ?

3) What are the functions of FASB, GASB and FASAB? Explain

Q.3.2 Discuss technical insolvency and explain how this is different from absolute insolvency.

I asked for S5-6

What does the IAS 2 explains?

But why? for number 3