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Please let me know the accompanying term with each of these definitions. A. A portion of the master budget showing the budgeted performance of a
Please let me know the accompanying term with each of these definitions.
A. A portion of the master budget showing the budgeted performance of a particular responsibility center within an organization. B. The excess/deficiency of discounted future cash flows expected from an investment compared to the amount to be invested. C. The variance caused by a difference between the standard hourly wage rate and the rate actually paid to workers manufacturing the product. D. A budget that can be adjusted easily to show budgeted revenues, costs, and cash flows at different levels of activity. E. Manufacturing costs that do not change as a result of changes in the level of production within a relevant range. F. The average time required for the cash invested in inventories to be converted into the cast ultimately collected on sales to customers. G. The variance caused by using more or less raw materials in the production process than forecasted. H. A difference between the actual level of cost incurred and the standard (budgeted) level fo that cost. I. Manufacuring costs that change in approximate proportion to the number of units produced within a relevant range. J. The variance which exists whenever actual production levels differ from normal levels. K. A stream of equal cash flows to be received or paid. L. The minimum required rate of return used by an investor to determine the future cash flow required in order to invest in a particular capital expenditure proposal. M. A materials variance which is the responsibility of the Purchasing Department. N. Unit costs expected to be incurred under normal conditions. O. A labor variance caused by a difference between standard and actual hours required to complete a task. P. The amount an investor should be willing to pay today that is considered equivalent to a specified amount of cash to be received at a specified date in the future. Q. The number of years required to recover the entire cost of an investment from its net cash flows. R. The variance caused by incurring more overhead costs than allowed for at a given level of production. S. An overall financial and operating plan, including budgets for all aspects of business operations and for all responsibility centers. T. The estimated average annual income of an investment expressed as a percentage of its initial cost. 1Step by Step Solution
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