HW_9 - NAME_ ORK 9 MANAGERIAL ACCOUNTING MATRICULA_...

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ORK 9 – MANAGERIAL ACCOUNTING NAME_________________ MATRICULA__________ SECTION__________ Universidad Iberoamericana UNIBE 1. Which of the following is a predetermined estimated cost that can be used in the calculation of a variance? A. Product cost. B. Actual cost. C. Standard cost. D. Differential cost. E. Marginal cost. 2. Variances are computed by taking the difference between which of the following? A. Product cost and period cost. B. Actual cost and differential cost. C. Price factors and rate factors. D. Actual cost and standard cost. E. Product cost and standard cost. 3. The term "management by exception" is best defined as: A. choosing exceptional managers. B. controlling actions of subordinates through acceptance of management techniques. C. investigating unfavorable variances. D. devoting management time to investigate significant variances. E. controlling costs so that non-zero variances are treated as "exceptional." 4. Which of the following are methods for setting standards? A. Analysis of historical data.
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This note was uploaded on 08/09/2011 for the course ACCOUNTING --- taught by Professor --- during the Spring '11 term at Universidad Iberoamericana.

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HW_9 - NAME_ ORK 9 MANAGERIAL ACCOUNTING MATRICULA_...

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