Explain the following 8 numbered items in at least 100 words each with references.

  1. Budgeting the basics for planning and control
  1. Ethics, fraud, & corporate governance
  1. Standard cost systems
  1. Standard cost and variance analysis
  1. Regression and mixed overhead cost variances
  1. Calculating operating variances
  1. Multidimensional model for the master budget
  1. The budget process