The Portable MBA in Finance and Accounting, 3rd Edition

208 Understanding the Numbers So, as you can see, the pieces fit together quite logically. The points underlying these pieces ca ...

Measuring Productivity 209 rates themselves are also known as standards. They are typically established by engineers.” As before ...

210 Understanding the Numbers Jane then used these numbers to show how the budgeted and actual variable costs in Exhibit 7.1 wer ...

Measuring Productivity 211 inefficiencies in the use of the paper: The number of pages actually used per ream was equal to budge ...

212 Understanding the Numbers “I can even tell you what that means in words: The overhead portion of the variable cost declined ...

Measuring Productivity 213 Review “One last question, Jane: Where do these variable overhead rates come from?” “That’s another s ...

214 Understanding the Numbers “To take an obvious example, most automobiles have one battery, and an engineering statement would ...

Measuring Productivity 215 “ Well, I don’t know about after the fact, but everyone that I’ve read—and my own experience for that ...

216 Understanding the Numbers In our case, the budgeted fixed costs were $4,000 and the actual fixed costs were $4,680. The vari ...

Measuring Productivity 217 capture their change. The reverse is also true. A net that is too fine can capture a great deal of ra ...

218 Understanding the Numbers enter a budgeted number in the ledgers in anticipation of an actual number. For instance, city gov ...

Measuring Productivity 219 is neither actual nor budgeted. It is really a miscomputed number. If the num- ber of actual reams ha ...

220 Understanding the Numbers “Since the static and the f lexible budgets for fixed costs are identical, the fixed-cost spending ...

Measuring Productivity 221 Ferris, Kenneth R., and J. Leslie Livingstone, eds., Management Planning and Control: The Behavioral ...

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PART TWO PLANNING AND FORECASTING ...

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225 8 CHOOSING A BUSINESS FORM Richard P. Mandel THE CONSULTING FIRM Jennifer, Jean, and George had earned their graduate busine ...

226 Planning and Forecasting much work to be done before it could be brought to market. The software had to be converted from a ...

Choosing a Business Form 227 Many of the rules applicable to the operation of partnerships are set forth in the Uniform Partners ...