1. Management by exception means managers only...
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Accounting
1. Management by exception means
| managers only look at exceptional people | ||
| all operating details are examined closely | ||
| managers look at areas where there is an exception or problem | ||
| managers check all operations in detail |
2. Costs that are unaffected by the relative level of production
| variable costs | ||
| materials costs | ||
| mixed costs | ||
| fixed costs |
3. What details expected inflow and outflow of cash?
| capital budget | ||
| Sales budget | ||
| cash budget | ||
| operating budget |
4. (actual rate-standards rate) x actual hours worked produce you product.
| materials price variance | ||
| materials usage variance | ||
| labor rate variance | ||
| Labor efficiency variance |
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