Chapter 7

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Across
  1. 2. type of variance that has the effect of decreasing operating income relative to the budget amount
  2. 4. the difference between actual results and expected performance
  3. 6. budget based on the output planned at the start of the budget
  4. 8. degree to which a predetermined objective or target is met
  5. 9. a carefully predetermined quantity, price or cost of unit
  6. 10. relative amount of inputs used to achieve a given output level
Down
  1. 1. type of variance that has the effect of increasing operating income relative to the budget amount
  2. 3. Management by _______ is the practice of focusing attention on areas not operating as expected
  3. 5. budget based on the output planned at the start of budget period
  4. 7. the continuous process of comparing the levels of performance in producing products and services against the best levels of performance in competing companies