Cost variance Study guides, Class notes & Summaries

MAT 150 Final Exam Questions and Answers | Latest 2023/2024 | Straighterline. Which of the following is an example of a nominal variable? Select one: a. age b. gender c. height d. IQ Question 3 Correct 8.33 points out of 8.33 Flag question Question text What sort of data are temperature measurements? Select one: a. interval b. nominal c. ordinal d. ratio Question 4 Correct 8.33 points out of 8.33 Flag question Question text Based on the graph, which statement best describe...

What are the five criteria for a successful project? - Answer Time, cost, quality, risk & benefits Project Management - Answer The application of processes, methods, knowledge, skills and experience to achieve the project objectives Programme Management - Answer The coordinated management of projects and change manage activities to achieve beneficial change Project Success - Answer The satisfaction of stakeholder needs measured by the success criteria as identified and agreed at the sta...

Management and Cost Accounting 11Ed. by Colin Drury. COMPLETE, Elaborated and latest Test Bank ALL Chapters (1-26) included with 728 pages of questions. COMPLETE - Elaborated Test Bank for Management and Cost Accounting 11Ed. by Colin Drury.ALL Chapters (1-26)included with 728 pages of questions. TABLE OF CONTENTS Part I: Introduction to management and cost accounting 1. Introduction to management accounting 2. An introduction to cost terms and concepts Part II: Cost accumulation for i...

CAIA Level I Exam 2023 5th percentile vs 25th percentile performance - CORRECT ANSWER-5th percentile managers outperform in every comparison BUT 25th percentile managers' performance is more volatile --> even if 25th percentile managers outperform they tend to mean revert --> demonstrates the perils of choosing managers based on historical performance alternative asset performance evaluation - CORRECT ANSWER-unlike in traditional assets, alpha is difficult to define in alterna...

Waffle House Entrance Exam - Questions and Answers When should food handlers who wear gloves wash their hands? Before putting on the gloves How can an employer show undue hardship when accommodating an employee's religious practices? Costs are more than ordinary administrative cost 2-2% is: The day's issue's dollars divided by the net sales from the previous three shifts What are itching and tightening of the throat a symptom of? Food Allergy The amount of money earned after expenses and bef...

Amanda is measuring the temperature. She looks at the thermometer and sees that it is somewhere between 65 and 66 degrees Fahrenheit. She is okay with the temperature in between two integers because she knows temperature is not ________ data, but temperature is _________ data.  a) Nominal, Ordinal  b) Nominal, Discrete  c) Continuous, Discrete  d) Discrete, Continuous Feedback: The correct answer is D. Temperature is not a measure that comes in increments (discrete) but is co...

EVM 101 Module 5 Assessment and Management Action Exam 2023 | Verified Answers. What are some typical management actions integrated analysis using Earned Value Management (EVM) data can support? [Recognize the steps and sub-steps of a three-step Integrated Analysis Model] Making tradeoff decisions to reduce cost, adjusting budget requests Determining requirements for the warfighter Helping the Government decide to withhold some of the contractor management reserve for Government us...

What is JCIDS (Joint Capabilities Integration and Development System)? - ANSWER assesses gaps in military joint warfighting capabilities and recommends solutions to resolve these gaps Defense Acquisition System - ANSWER Process by which DoD acquires weapon systems and automated information systems What document provides entry into Milestone A the the Defense Acquisition System? - ANSWER Materiel Development Decision What are the two steps in pre-systems acquisition? - ANSWER Materiel so...

CFA Level 1 - 101 Must Knows 368 Questions with Verified Answers Addition Rule of Probability - CORRECT ANSWER ADDITION: P(A or B) = P(A) + P(B) - P(AB) Roy's Safety First Criterion - CORRECT ANSWER Safety First Ratio = (E(R) - Rₜ) / σ Larger ratio is better If (Rₜ) is risk free rate, then it becomes Sharpe Ratio Sharpe Ratio - CORRECT ANSWER Sharpe Ratio = (E(R) - RFR) / σ Larger ratio is better If (Rt) is higher than RFR, then it becomes Safety First Ratio Centra...

This is a bizarre question. It never mentions that the financial savings should be reported at the annual level. However, that's a reasonable assumption to make. $7,500 * 12 months = $90, 000. A shoe manufacturing firm learned through a Lean Six Sigma project their boot soles could be made of a different material requiring two less steps in the process. Removal of these two steps yielded a monthly cost savings of $7,500. Therefore the reported financial savings for this LSS project were: A) $...