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Management Management Accounting Difficulty: Medium

Static budget variance for operating income is added in to static budget amount to calculate From a well shuffled pack of 52 cards a card is selected at random. Find the probability that it is a black coloured card Michael Porter's five forces model includes which one of the following combinations? 1. A Threat of new potential entrants 2. Threat of substitute product/service 3. Bargaining power of suppliers 4. Bargaining power of buyers 5. Rivalry among current competitors 6. Rivalry among prospective competitors Gross margin is $7000 and revenues are $16000, then cost of goods sold would be A question for business level strategy would be