Question Details

A management approach that emphasizes significant 




1.In the analysis of variances, management commonly focuses on four categories of production
costs: __________________ cost, ___________________ cost; _________________ cost; and
_________________ cost.
________________________________________
2.A management approach that emphasizes significant differences from plans is known as
_________________________________.
________________________________________
3.A fixed budget is also called a _____________ budget.
________________________________________
4.A favorable variance for a cost means that when compared to the budget, the actual cost is
____________________ than the budgeted cost.
________________________________________
5.A flexible budget is also called a _______________ budget.
________________________________________ 

6.A _______________________ contains relevant information that compares actual results to planned
activities.
________________________________________



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