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183 are preset costs for delivering a product or service under normal conditions 4295873

 

183.__________ are preset costs for delivering a product or service under normal conditions.  
 
 

184.Companies promoting continuous improvement strive to achieve _____________ standards by eliminating inefficiencies and waste. 
 
 

185.A standard that takes into account the reality that some loss usually occurs with any process under normal application of the process is known as a _______________ standard.  
 
 

186.Differences between actual costs and standard costs are known as _______________. These differences may be subdivided into ______________ and _________________.  
 
 

187.Direct materials variances are called price and quantity variances. However, when referring to direct labor, these variances are usually called _________________ and _____________ variances.  
 
 

188.In the analysis of variances, management commonly focuses on four categories of production costs: __________________ cost, ___________________ cost; _____________ cost; and _________________ cost.  
 
 

189.A management approach that focuses attention on significant differences from plans and gives less attention to areas where performance is reasonably close to standards is known as ___________________.  
 
 

190.A fixed budget is also called a _____________ budget. 
 
 

191.A favorable variance for a cost means that when compared to the budget, the actual cost is ____________________ than the budgeted cost. 
 
 

192.A flexible budget is also called a _______________ budget. 
 
 

 

 

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