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What are the advantages of standard costing
What are the different types of standards that can be set?
Which type of standard is most likely to motivate maangers and their staff?
What are some possible reasons for adverse labour efficiency variances?
What are some of the reasons for a favourable material usage variance?
Name two non financial idicators for customer satisfaction
Name the four perspectives of a balanced scorecard?
Are variable costs saved when shifting from a make to buy process?
What is the costing technique where contribution is divided by a scarce element to help arrive at production levels for different products
what is the total process for limiting factor calculations?
what is the margin of safety?
target profit?
When using discounted cash flow to compare automation or no automation what costs should be ignored
What is the calculation for direct material price variance?
What is the calculation for material price variance?
State the direct material usage variance
State the direct labour rate variance
State the direct labour efficiency variance
As a general rule, standard costing could be said to measure the standard cost of production expenses with the actual cost.
TRUE or FALSE?
State the variable overhead expeniture variance
State the variable overhead efficiency variance
State the fixed overhead expenditure variance
In linear regression a common formula is
Y= Mx + C
Which value is the variable and whch fixed?
How do you calculate average annual change?
How do you create an index number for March, with January as the base, from the following data?
Jan £160 Feb £168 March £169
Why do we use index numbers
The concept of target costing is to find the maximum selling price for a product.
True or False?
