acct511_2

Card Set Information

Author:
rymica
ID:
120530
Filename:
acct511_2
Updated:
2011-12-03 20:19:45
Tags:
managerial accounting
Folders:

Description:
Small batch of vocab cards for operational performance measurement chapter
Show Answers:

Home > Flashcards > Print Preview

The flashcards below were created by user rymica on FreezingBlue Flashcards. What would you like to do?


  1. Flexible-budget variance
    Flexible budget variance is the difference between the actual and flexible budget amounts. There are variances for sales, variable costs, fixed costs, and operating income.
  2. Total flexible budget variance
    The total flexible budget variance is the difference between the flexible budget operating income and the actual operating income. It can be misleading, since it represents the sum of variances in materials, labor, overhead, and administrative expenses, and there can be offsetting that hides important changes.
  3. Selling price variance
    Selling price variance is the difference between the actual sales revenues and the flexible budget sales revenues
  4. Total variable cost flexible-budget variance
    Difference between total variable costs and total variable costs in the flexible budget

What would you like to do?

Home > Flashcards > Print Preview