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Unformatted text preview: Flexible Budget for Actual Outputs Price variances Variable overhead Fixed overhead Variable manufacturing costs: Fixed costs Manufacturing Overhead Variances McKnight Recliners Total overhead variance Req. 3 Req. 4 Standards: Simplify record keeping and reduce clerical costs. Provide unit costs managers can use to set sales prices. Help motivate employees by serving as performance benchmarks. Help management control by setting target levels of performance. Help management plan by providing unit amounts for budgeting....
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This note was uploaded on 01/13/2012 for the course EAC 2221 taught by Professor Smith during the Spring '11 term at FIT.
- Spring '11