1. What is variable costing analysis. Describe what you learned about this topic and how variable costing differs from absorption costing.  2.  We cover two chapters (20-21) that focus on budgeting. Please choose one of the budgets presented (cash receipts, purchases, production, etc.), provide a brief explanation of how it is calculated/determined, and discuss its importance in the managerial accounting field. .

1. 1. What is variable costing analysis. Describe what you learned
about this topic and how variable costing differs from
absorption costing.
2. We cover two chapters (20-21) that focus on budgeting.
Please choose one of the budgets presented (cash receipts,
purchases, production, etc.), provide a brief explanation of how
it is calculated/determined, and discuss its importance in the
managerial accounting field.