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Accounting 201B Exam 2 Study Guide Questions
with 100% Correct Answers
a budget is most likely to be effective if - ANSWER it has top
management support
A favorable variance - ANSWER implies a positive result if
quality control standards are met
A static budget is not appropriate in evaluating a manager's
effectiveness if a company has - ANSWER shows planned results
at the original budgeted activity level.
A total materials variance is analyzed in terms of - ANSWER
price and quantity variance
Contribution margin - ANSWER equals sales revenue minus
variable costs
CVP analysis does not consider - ANSWER fixed cost per unit
Accounting 201B Exam 2 Study Guide Questions
with 100% Correct Answers
a budget is most likely to be effective if - ANSWER it has top
management support
A favorable variance - ANSWER implies a positive result if
quality control standards are met
A static budget is not appropriate in evaluating a manager's
effectiveness if a company has - ANSWER shows planned results
at the original budgeted activity level.
A total materials variance is analyzed in terms of - ANSWER
price and quantity variance
Contribution margin - ANSWER equals sales revenue minus
variable costs
CVP analysis does not consider - ANSWER fixed cost per unit
