The Characteristic of a Management Accounting and Control System That

question 50

Multiple Choice

The characteristic of a management accounting and control system that means the language used and the technical methods of producing management accounting information not conflict within various parts of the organization is referred to as being:

• A)in control.
• B)accurate.
• C)consistent.
• D)Kaizen.

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Definitions:

Overtime

Additional hours worked beyond the standard working hours, often compensated at a higher pay rate than regular hours.

Rate Variance

Rate Variance is the difference between the standard cost and actual cost paid for something, often analyzed in budgeting to manage financial performance.

Budget Reports

Budget Reports compare the actual financial operations against the planned or budgeted figures to help in financial planning and control.

Monthly

Pertaining to or calculated on the basis of one month.