Petco's material price standard was £8 per kg.
When looking over their accounts you calculate that in fact they they purchased 2,000kg at £6 per kg due to an overly abundant harvest that lowered global pet food prices.
You have been asked by your manager to analyse these figures and come to a conclusion.
With that in mind which of the following statements are correct? Select ALL that apply.

A company makes and sells three products A, B and C.
The selling prices and costs of the three products, using a traditional absoprtion costing system, are shown in the table below.

The company has undertaken an analysis of overhead costs using activity-based costing (ABC).
The revised overhead costs for products A, B and C are $6, $32 and $55 respectively.
When comparing the figures obtained under the two costing methods, which of the following statements are true?
Select ALL that apply.

A manager is deciding which one of four services to provide next period.
The contribution earned by each service will depend on the weather conditions as follows.

Using the maximin criterion, which service will the manager provide?

Which THREE of the following are purposes of all budgets?

A master budget comprises the...