Reconciliation/Operating Statement Flashcards by Joe Bannon

Q

First 4

A

Budgeted Contribution
Sales volume Variance
Standard Contribution
Selling Price Variance

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Q

Next 6 (F/U)

A

materials price
materials usage
labour rate
labour efficiency
variable OH spending
variable OH efficiency

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Q

Bottom 2

A

Total
Actual Cont.

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