Speedo Company's revenues are $300 on invested capital of $240. Expensesare currently 70% of sales. If Angelo Company can reduce its invested capitalby 20%, return on investment will be _____.12.
When the variable costing method is used, fixed factory overhead appears onthe income statement as a _____.13.
In absorption costing, costs are separated into the major categories of_____.14.
_____ is another term for variable costing.15.
The use of budgeted service department cost rates protects usingdepartments from _____.16.
_____ is an example of the external financial-reporting purpose of the cost management systems.17.
The level of sales at which revenues equal expenses and net income is zero iscalled the _____.18.
Output measures of both resources and activities are _____.19.
The break-even point is where _____.20.
_____ is an example of the external financial reporting purpose of the cost management systems.21.
_____ budgeting is when budgets are formulated with the active participationof all affected employees.22.
_____ is the logical integration of management accounting tools to gather andreport data and to evaluate performance.23.
_____ are components of a master budget.24.
Important factors considered by sales forecasters include all of the followingexcept _____.25.
_____ models are mathematical models of the master budget that can react toany set of assumption about sales, costs, and product mix.