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Chapters 1-4 The Accounting Cycle
Chapters 5-8 Current Assets
Chapters 9-11 Long-Term Assets
Chapters 12-14 Liabilities/Equities
Chapters 15-16 Using Information
- Chapter 15: Financial Reporting and Concepts
- Chapter 16: Financial Analysis and the Statement of Cash Flows
Chapters 17-20 Managerial/Cost
Chapters 21-24 Budgeting/Decisions

Chapter 22 - Fill in the Blanks

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Question 1 of 10

1. Question
A ____________ is a responsibility unit in which a manager is held accountable for cost incurrence.
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Question 2 of 10

2. Question
A(n) ____________ center is the most complex of the responsibility centers.
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Question 3 of 10

3. Question
A ____________ report furnishes management with feedback of operating results and is used for purposes of evaluation and control.
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Question 4 of 10

4. Question
A ____________ budget is a budget developed for one level of activity, whereas a ____________ budget covers a range of activity.
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Question 5 of 10

5. Question
A ____________ reveals the standard quantity and price of the production components necessary to produce a single unit of output.
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Question 6 of 10

6. Question
The computation and examination of variances is consistent with the concept of management by ____________.
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Question 7 of 10

7. Question
The ____________ is the amount of input that should have been used in manufacturing activities during the period.
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Question 8 of 10

8. Question
The ____________ variance for labor is computed in much the same manner as the material price variance for materials.
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Question 9 of 10

9. Question
By comparing the actual labor hours at standard prices to the standard labor requirements at standard prices, one is able to compute the labor ____________ variance.
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Question 10 of 10

10. Question
A ____________ focuses on financial and nonfinancial performance aspects, identifying key metrics that are consistent with the overall entity objectives.
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Additional Resources

Illustrative Entries

Examples of journal entries for numerous sample transactions

Account Types

Typical financial statement accounts with debit/credit rules and disclosure conventions

Glossary

Includes financial and managerial terms

Time Value of Money

Future and present value tables

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Chapters 1-4
Chapters 5-8
Chapters 9-11
Chapters 12-14
Chapters 15-16
- Chapter 15: Financial Reporting and Concepts
- Chapter 16: Financial Analysis and the Statement of Cash Flows
Chapters 17-20
Chapters 21-24
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