Questions from Cost Accounting

Q: How could a hospital firm use the mix variances to analyze salary

How could a hospital firm use the mix variances to analyze salary costs regarding emergency room services?

Q: Standards and budgets are the same thing. True or false?

Standards and budgets are the same thing. True or false?

Q: Variance analysis can be useful in a manufacturing environment where you know

Variance analysis can be useful in a manufacturing environment where you know the standards, but it wouldn’t be useful in a service environment.” True or false?

Q: What does a manager learn by computing an industry volume variance?

What does a manager learn by computing an industry volume variance?

Q: Why is there no efficiency variance for revenues?

Why is there no efficiency variance for revenues?

Q: For what decisions would a manager want to know market share variance

For what decisions would a manager want to know market share variance?

Q: What are several examples of companies that probably use materials mix and

What are several examples of companies that probably use materials mix and yield variances?

Q: What is “management by exception”?

What is “management by exception”?

Q: What is the difference between an organization’s mission and its strategy?

What is the difference between an organization’s mission and its strategy?

Q: What performance factors do measures related to customer satisfaction attempt to evaluate

What performance factors do measures related to customer satisfaction attempt to evaluate?