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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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