Test 3 Review

120 minute time limit

25 Multiple choice questions
C9=4, C10=6, C11=5, C12 =10

Budgeting
Master Budget
Operational and Financial
Budget Logic
Slack
Participative

Standards
Perfect vs Practical
Variances
Who is responsible for a particular variance?

Flexible Budgets
Why?
Cost behavior activity measure or driver
Performance reports
OMIT Overhead VAriances

Responsibility
Accounting/Performance/BSC
Types of Responsibility Centers and performance measurement
Segment reporting and controllability
Customer profitability
BSC dimensions and measures