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Performance Evaluation What are responsibility centers? What does each do and how is each evaluated? Flex budget: how constructed and used Variance Analysis: Calculating and
Performance Evaluation
What are responsibility centers? What does each do and how is each evaluated?
Flex budget: how constructed and used
Variance Analysis: Calculating and interpreting
- what variance is favorable? Unfavorable?
- How does a flexible budget facilitate variance analysis?
- How does disaggregating a variance (e.g. into sales volume and sales price variances) help in evaluating performance?
How to evaluate alternative uses of resources using ROI and Residual Income
- Calculate and interpret each
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