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Processing costs.
Manufacturing costs.
Question 5. Question : Traditional financial control systems
have recently been criticized
because:
Student Answer:
They use flexible, not static, budgets.
They generally lead to goal-congruent behavior on the part of
managers.
They focus more in improving basic business processes than
short-term financial results.
They fail to incorporate nonfinancial performance indicators
into the evaluation process.
They provide performance data on a real-time basis.
Question 6. Question : Which one of the following is the
difference between the actual
hourly wage rate and the standard hourly wage rate, multiplied
by the actual direct labor hours worked during a period?
Student Answer:
Total direct labor standard cost variance.