Key questions: 1. Why is management by exception an effective strategy? Packet #18 - Pre-Class notes (1) - Saved to my Mac Review View Tell me Design References Mailings w Layout AaBb Ccbdi GO 10.5 ' Aav AO E 21 Uab X, X ALA ya AaBbCcDdl AaBbc AaBbc A No Spacing Heading 1 Heading 2 HE Normal Packet 18 - Pre-Class Notes Key Terms 1. Flexible budget 2. Master budget 3. Static budget 4. Unfavorable varichces 5. Favorable variances 6. Sales volume variance 7. Variable cost volume variance 8. Spending variance 9. Fixed cost volume variance 10. Flexible budget variance 139 words LE English (United States) Focus 10. Flexible budget variance 11. Sale price variance 2