Acme Global Used to Require Budget Officers to Get Three

question 25

Multiple Choice

Acme Global used to require budget officers to get three signatures on each budget form.When Michael took over the accounting department, he changed the form so that only one signature was needed.This is an example of _______.

• A)job simplification
• B)job rotation
• C)job enlargement
• D)job enrichment
• E)skill enrichment

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Definitions:

Variable Costs

Costs that change in direct proportion to changes in the level of production or sales activity, such as raw materials and direct labor.

Fixed Costs

expenses that do not vary with changes in production volume or sales, such as rent, salaries, and insurance.

Standard Cost Accounting System

A system that assigns expected costs to products to estimate selling prices and cost control, allowing variance analysis for actual costs incurred.

Unfavorable Variances

Differences between actual and expected outcomes that negatively affect a business's financial performance.