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Unformatted text preview: REVIEW 495-497 [chapter 11] Multiple Choice 8 chpt7 8 chpt8 5 chpt9 10 chpt10 9 chpt11 KNOW: • • Participative budgeting • Dif. Between master, flexible, capital budget • What financial budgets include (dif. Budgets) • Order budgets are created in (298-300) • Know balanced scorecard • Who balanced scorecard was developed by • Various perspectives of balanced scorecard (348-350) • Standard costing system • What standard cost system is used for and why • • Sunk cost, opportunity cost, relevant and irrelevant cost – terms pertaining to incremental analysis… • Know dif. of the above stated costs… • Incremental cost • Use incremental analysis in special order decisions • Pricing objectives • Pricing methods (time and materials, gross profit, return on assets)...
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- Fall '07
- gross margin, three months, Incremental Analysis