Acc 241 exam 3 - Study guides, Class notes & Summaries

ACC 241 Exam Questions With 100% Correct Answers (Verified And Updated) A favorable direct labor efficiency variance and an unfavorable direct labor rate variance might indicate which of the following? A) Unskilled workers using more actual hours than standard, paid at a higher rate per hour than the standard rate B) Unskilled workers using less actual hours than standard, paid a lesser rate per hour than the standard rate C) Skilled workers using less actual hours than standard, paid at...

ACC 241 Exam Questions With 100% Correct Answers (Verified And Updated) A favorable direct labor efficiency variance and an unfavorable direct labor rate variance might indicate which of the following? A) Unskilled workers using more actual hours than standard, paid at a higher rate per hour than the standard rate B) Unskilled workers using less actual hours than standard, paid a lesser rate per hour than the standard rate C) Skilled workers using less actual hours than standard, paid at...

ACC 241 Exam Questions With 100% Correct Answers (Verified And Updated) A favorable direct labor efficiency variance and an unfavorable direct labor rate variance might indicate which of the following? A) Unskilled workers using more actual hours than standard, paid at a higher rate per hour than the standard rate B) Unskilled workers using less actual hours than standard, paid a lesser rate per hour than the standard rate C) Skilled workers using less actual hours than standard, paid at...

ACC 241 Exam Questions With 100% Correct Answers (Verified And Updated) A favorable direct labor efficiency variance and an unfavorable direct labor rate variance might indicate which of the following? A) Unskilled workers using more actual hours than standard, paid at a higher rate per hour than the standard rate B) Unskilled workers using less actual hours than standard, paid a lesser rate per hour than the standard rate C) Skilled workers using less actual hours than standard, paid at...

ACC 241 Exam 3 ASU Dallmus Study Guide with Complete Solutions relevant costs - ️️ Correct-Relevant costs are costs that differ between alternatives.When making the decision, the company should consider relevant costs. Relevant costs are also called differential costs, incremental costs, or avoidable costs. Analyzing special orders - ️️ Correct--Whether excess capacity exists -Whether the special order will affect regular sales in the long run -Whether the special price will be hi...

acc 241 exam 3 Study Questions and Answers | 100% Pass Budgeting assists management in which of the following areas? Motivation All of the above Planning and setting objectives Performance measurement - ️️ Correct-All of the above Which of the following is an advantage of the budgeting process? Budgeting provides a standard for performance evaluation. Budgeting improves communication and coordination within the organization. Budgeting provides resource information for decision maki...

ACC 241: Exam 3 Study Guide with Complete Solutions Describe how and why managers use budgets - ️️ Correct-Helps managers determine how to use resources and estimate future costs and revenues. - Budgets are planning tools, helps quantify goals. Helps coordinate the activities of the organization. - Forces managers to plan provides information that can be used to improve decision making, provides a standard for performance evaluation, and improves communication and coordination. Unde...

Acc 241 exam 3 Geiger study guide with complete solutions Planning tool for budgets - ️️ Correct-Identify objectives, identify actions needed to achieve objectives. Control tool for budgets - ️️ Correct-compare actual results with budgeted (planned) amounts. Strategic Plan - ️️ Correct-Identifies strategies for future activities and operations, generally covering at least five years. Ideal Budgetary system - ️️ Correct-Promotes goal congruence and creates a drive in mana...

ACC 241 EXAM 2 Study Guide with Complete Solutions variable cost ( slope) - ️️ Correct-change in cost/ change in volume Total fixed costs - ️️ Correct-total operating cost - total varible cost Variable Sales Rate - ️️ Correct-Variable Expesnes/ Sales ( x + x ) / x= Break Even Income - ️️ Correct-( Fixed expenses + Operating Income) / Contribution Margin Ratio Contribution Margin Ratio : - ️️ Correct-CM / Sales Rev Break Even Sales Per Unit : - ️️ Correct-fixed exp...