This class was created by Brainscape user Stacey Robinson. Visit their profile to learn more about the creator.

Decks in this class (14)

Chapter 1
True or false costs can be define...,
What is the first step in the bud...,
What are distinguishing names for...
11  cards
Chapter 2
True or false overheads incurred ...,
What are overheads,
Explain direct tracing
7  cards
Chapter 3
What do revenue forecasts predict,
Name the components of the extern...,
What are the implications for man...
24  cards
Chapter 4
What is standard costing,
Name and explain the 3 types of s...,
What is standard cost
16  cards
Chapter 5
What is the participative approach,
What is a negotiated budget,
Name the 8 purposes of budgeting
13  cards
Chapter 5.6 - Types Of Budgets
What 10 types of budgets are incl...,
What are the options for creating...,
What are the differences between ...
21  cards
Chapter 5.7: Sources Of Budget Data
What are some internal sources of...,
What are some external sources of...
2  cards
Chapter 5.8: Budgetary Control
True or false budgetary control i...,
What is the relationship between ...,
What is the relationship between ...
5  cards
Chapter 6.3 Absorption Costing
What are the differences between ...,
What is absorption costing also k...,
What costs are included in absorp...
17  cards
Chapter 6.3 Marginal Costing
What is marginal costing,
How does marginal costing influen...,
What two components do costs get ...
18  cards
Chapter 6.4 The Budgeting Process
What is the primary purpose of th...,
Who typically comprises the budge...,
What role does top management pla...
20  cards
Chapter 6.5 Budget Constraints
What is the formula for contribut...,
Determining the product mix that ...,
What 3 steps should an organizati...
4  cards
Chapter 7.3 Budget Variances
What does a budget variance repre...,
What 2 terms are there for budget...,
True or false a favorable varianc...
3  cards
Chapter 7.4 Types Of Variances
What does material price variance...,
Complete the sentence material va...,
Material price variance has 2 com...
32  cards

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Budgeting

  • Class purpose General learning

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