A tool that managers use to estimate the effects of deviations from budget assumptions is known as:
A) sensitivity analysis
B) variance analysis
C) standard costing
D) benchmarking
Correct Answer:
Verified
Q42: Variance analysis includes which of the
Q43: Management by exception means that managers investigate:
A)
Q44: In a production setting, the standard cost
Q45: A _ is a set of cost
Q46: Variances are calculated for which of the
Q48: If actual costs are less than budgeted
Q49: Price variances analyse:
A) use of resources
B) sales
Q50: Standard cost variances can be broken down
Q51: The difference between the standard quantity of
Q52: Standards may be derived using:
A) historical data
B)
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