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by: Freda Ankunding


Freda Ankunding
GPA 3.97

Louis Fayard

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About this Document

Louis Fayard
Class Notes
25 ?




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Popular in Accounting

This 2 page Class Notes was uploaded by Freda Ankunding on Sunday October 25, 2015. The Class Notes belongs to ACCT 3270 at University of North Texas taught by Louis Fayard in Fall. Since its upload, it has received 52 views. For similar materials see /class/229210/acct-3270-university-of-north-texas in Accounting at University of North Texas.




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Date Created: 10/25/15
1234567009 What is a static budget What is a standard What is a direct material price standard What is a direct material input standard What is a direct material cost standard What is a direct labor price standard What is a direct labor input standard What is a direct labor cost standard What is a variable overhead standard or allocation rate What is a variable overhead input standard What is a variable overhead cost standard What is a flexible budget What is a variance Why is it useful to measures and evaluate variances What makes a variance favorable or unfavorable What is management by exception What does each variance tell management What can cause a material price variance What can cause a material efficience variance What can cause a labor price variance What can cause a labor efficience variance What can cause a variable overhead spending variance What can cause a variable overhead efficience variance What can cause a fixed overhead spending variance What can cause a production volume variance What are the assumptions of CVP analysis How much does selling a single unit if a product contribute to your fixed cost or operating income What is the breakeven point What the impact of increasing taxes on the breakeven point What is the benefit of sale mix CVP What additional assumption is required for sale mix What does margin of saftey in units tell us What does margin of saftey in dollars tell us Describe the decision model used by the book Does the decision model consider quantitative information qualitative informatin or both What is a relevant revenue What is a relevant cost What is a sunk cost What is an opportunity cost


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