BEC cost accounting review 7

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Joens1313
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300966
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BEC cost accounting review 7
Updated:
2015-04-17 00:09:08
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BEC cost accounting review
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BEC cost accounting review 7
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  1. what does variable overhead require to be determined?
    application of variable overhead requires that the incremental overhead costs of production be determined.
  2. the total amount of ----------------- overhead incurred and applied varies directly with the level of production.
    the total amount of variable overhead incurred and applied varies directly with the level of production.
  3. The total amount of --------------- overhead varies inversely with the level of production.
    The total amount of fixed overhead varies inversely with the level of production.
  4. The total amount of fixed overhead varies ----------------------- with the level of production.
    The total amount of fixed overhead varies inversely with the level of production.
  5. ----------------- variances are differences between the quantity of inputs that should have been used and inputs that were actually used based on the standard unit price.
    efficiency variances are differences between the quantity of inputs that should have been used and inputs that were actually used based on the standard unit price.
  6. efficiency variances are differences between the quantity of inputs that should have been used and inputs that were actually used based on the -------------------- price.
    efficiency variances are differences between the quantity of inputs that should have been used and inputs that were actually used based on the standard unit price.
  7. a --------------------- variance is a measure of the cost of failure to operate at the budgeted activity level and may be caused by failure to meet sales goals or idleness due to poor scheduling, machine breakdowns, etc...
    a volume variance is a measure of the cost of failure to operate at the budgeted activity level and may be caused by failure to meet sales goals or idleness due to poor scheduling, machine breakdowns, etc...
  8. a ----------------------variance is caused solely by events such as unexpected changes in prices, unforeseen repairs , etc.....
    a budget variance is caused solely by events such as unexpected changes in prices, unforeseen repairs , etc.....

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