8-8 - 10 EQs (B) - 80% Flashcards
1
Q
Coefficient of correlation
A
A measure that is used to express the extent of the relationship among a set of investments in portfolio analysis
2
Q
Flexible budget
A
a budget adjusted for changes in volume
3
Q
Calculate the amount of applied OH costs
A
Actual Hours x (Budgeted OH / Budgeted Hrs)
The rate that is being applied is Budgeted OH $ / Budgeted OH Hrs which is the POR
This rate is being applied to what actually just happened, which is the actual hours of the activity
