CH11 DISCUSSION QUESTIONS

CH11 DISCUSSION QUESTIONS - the variable overhead...

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Chapter 11 – Flexible Budgets and Overhead Analysis - Discussion Questions 1. Describe the differences between static and flexible budgets. 2. What is the purpose of a before the fact flexible budget? 3. What is the purpose of an after the fact flexible budget? 4. To get meaningful results, what type of flexible budget is used for performance evaluations? 5. The total variable overhead variance describes the difference between what two  costs? 6. What are the two variable overhead variances? Who is most likely responsible for it? 7. Explain why the variable overhead spending variance is not a pure price variance. 8. Briefly explain the relationship between the direct labor efficiency variance and
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Unformatted text preview: the variable overhead efficiency variance. 9. The total fixed overhead variance describes the difference between what two costs? 10. What is the fixed overhead spending variance? 11. What does the term practical capacity mean? 12. What is the cause of an unfavorable volume variance? 13. The total fixed overhead variance can be expressed as the sum of what two variances? 14. Explain how an activity based budget is prepared. 15. What are some advantages of activity based flexible budgets?...
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CH11 DISCUSSION QUESTIONS - the variable overhead...

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