Performance checks
1 Quick quiz
| Write down your answers in the spaces below to the following questions on Working with Costs and Budgets. | |
| Question 1 | Complete the equation: Sales – Costs = __________ |
| Question 2 | What is meant by fixed costs? |
| Question 3 | How would you define the wages of security staff in cost terms? |
| Question 4 | Why cannot a first line manager always control costs? |
| Question 5 | Name two types of standard. |
| Question 6 | Why are variances analysed? |
| Question 7 | What is indicated by an adverse efficiency variance? |
| Question 8 | Name the two elements of standard cost. |
| Question 9 | What is a cost centre? |
| Question ... |
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