In management control, the point of reference for making the comparisons of performance is ___________?
Correct answer: C. expected performanceHire Grant Writers
- A. focused performance
- B. merchandise performance
- C. expected performanceHire Grant Writers
- D. distribution performance
Explanation
Management control compares actual performance with expected performance, such as a budget, standard, or target. The other options refer to particular business activities rather than the control benchmark.
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About Cost Accounting
Cost accounting measures and analyses the cost of producing goods or providing services for planning, control and pricing decisions. It covers direct and indirect costs, fixed and variable costs, job and process costing, break-even analysis, marginal costing, overhead allocation, and the difference between product cost and period cost.
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If the actual payment to labor is $1200 and the budgeted rate is $1000, then the labor price variance would be __________?
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