The management’s time is saved by reporting only the deviations from the predetermined standards is called

Related MCQs

• The time taken for initial unit of a product is 100 hours. At 80% learning rate what is the total time for 4 units.
• In a system whereby all activities are revaluated each time a budget is formulated and starts with the assumption that requirement of funds does not exist is called
• In Reconciliation Statements expenses shown only in financial accounts are:
• Idle time variance is always:
• In a factory Standard rate per hour Rs. 4, Standard time per unit of output – 20 hours, Units produced - 500, Actual hours worked - 12,000. Compute Labour Efficiency Variance.
• Which of the following operating measures would a manager would like to see decreasing over time?
• Type of accounting which measures, reports and analyse non-financial and financial information to help in decision making is called:
• Method of pricing, when two separate pricing methods are used to price transfer of products from one subunit to another, is called:
• If budgets are prepared of a business concern for a certain period taking each and every function separately such budgets are called _________.
• The difference in total cost that results from two alternative courses of action is called