Management by exception means that management will investigate
areas where actual results differ from planned results if the items are
material and controllable.
Question 4
Budget reports provide the feedback needed by management to see
whether actual operations are on course.
Question 5
The manager of an investment center can improve ROI by reducing
average operating assets.
Question 6
What is budgetary control?
Question 7
A static budget is appropriate in evaluating a manager's performance
if
Question 8
What is the primary difference between a static budget and a flexible
budget?
Question 9
If a company plans to sell 48,000 units of product but sells 60,000, the
most appropriate comparison of the cost data associated with the sales
will be by a budget based on
Question 10
Nikoto Steel Co. budgeted manufacturing costs for 50,000 tons of steel
are:
Fixed manufacturing costs
Variable manufacturing costs
$50,000 per month
$12.00 per ton of steel