Telegram group: T.me/BBCNOUN [ACC313] ….. is used by manufacturing firms to record production activities using a perpetual inventory system. Cost accounting [ACC313] The purpose of a budget is to……….. Prepare the cash budget [ACC313] A flexible budget is a budget which is designed to change in accordance with ……. the level of activity attained [ACC313] …... is a budgeting technique which seeks to eliminate the draw backs of traditional incremental budgeting priority based budgeting [ACC313] Traditionally, budget has been employed as a device... to limit expenditure [ACC313] The …….. is the number of events that has occurred. level of activity [ACC313] When we know the behaviour of costs, then …….. is made simpler. financial planning [ACC313] The cost that varies with the passage of time is called…….. Fixed cost [ACC313] A cost which is a composite of a standing basic charge plus a variable change per unit of consumption. semi-fixed cost [ACC313] Costs can be classified by their ……… Alphabelth