new7 In-Class Problems, Horngren13e - MY COPY

new7 In-Class Problems, Horngren13e - MY COPY - Chapter 7:...

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Chapter 7: FLEXIBLE BUDGETS VARIANCE ANALYSIS & VARIANCE ANALYSIS Horngren 13e 1
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Learning Objective 1: Distinguish a static budget . . . the master budget based on output planned at start of period from a flexible pp p budget. . . the budget that is adjusted (flexed) to recognize the actual output level 2
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Learning Objective 1: Distinguish a static budget . . . the master budget based on output planned at start of period from a flexible pp p budget. . . the budget that is adjusted (flexed) to recognize the actual output level 3
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4
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Learning Objective 2: Develop a flexible budget. . . proportionately increase variable costs; keep fixed costs the same and compute flexible-budget variances . . . pp g flexible-budget variance Æ the difference between an actual result and a flexible-budget amount… sales-volume variances Æ each sales-volume variance is the difference between a flexible-budget amount and a static-budget amount [EXERCISE] [SOLUTION] 5
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Learning Objective 2: Develop a flexible budget. . . proportionately increase variable costs; keep fixed costs the same and compute flexible-budget variances . . .
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This note was uploaded on 10/20/2009 for the course ACCT 333 taught by Professor Shirin during the Spring '09 term at École Normale Supérieure.

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new7 In-Class Problems, Horngren13e - MY COPY - Chapter 7:...

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