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Match the terms with the definitions. a. Balanced Scorecard f. Opportunity Cost b. Budgetary Slack g. Sunk Cost c. Relevant Range h. Break-even Point d.
Match the terms with the definitions. a. Balanced Scorecard f. Opportunity Cost b. Budgetary Slack g. Sunk Cost c. Relevant Range h. Break-even Point d. Static Budget i. Margin of Safety e. Flexible Budget 29. The difference between actual or expected sales and sales at the break-even point. 30. The range of activity over which a company expects to operate during the year. 31. A set of multiple performance measures for a company. 32. Shows the expected results of a responsibility center for several activity levels. 33. The level of activity at which total revenue equals total costs. 34. The revenue that is foregone (lost) from an alternative use of an asset, such as cash. 35. Shows the expected results of a responsibility center for only one activity level. 36. Costs that have been incurred in the past and are not relevant to future decisions. 37. Managers intentionally underestimate budgeted revenues or overestimate budgeted expenses. Match the explanation of the variance to the department responsible for the variance. a. Production b. Purchasing 38. An unfavorable material quantity variance due to inexperienced workers. 39. An unfavorable material quantity variance due to low-quality (inferior) direct materials
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