7/28/25, 9:51 AM ACG 2071 Exam 3 FSU EXAM 2025 COMPLETE EXAM QUESTIONS AND ACCURATE ANSWERS |ALREADY PASSED!! Flashc…
ACG 2071 Exam 3 FSU EXAM 2025 COMPLETE
EXAM QUESTIONS AND ACCURATE ANSWERS
|ALREADY PASSED!!
Save
Terms in this set (63)
What goes out + ending Budgeting formula (all budgets)
inventory - beginning =
what you need
| AP-SP | x AQ Price (Rate) Variance
| AQ-SQ | x SP Usage (Efficiency) Variance
Flexible Budget Variance Price Variance + Usage Variance
Master Budget - Actual Master/Static Budget Variance
Results
Master Budget - Flexible Sales Activity (Volume) Variance
Budget
Flexible Budget - Actual Flexible Budget Variance
Budget
What we can achieve Ideal Standards
under optimal
circumstances
What we can achieve Practical Standards
under normal/typical
circumstances
what we focus on
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, 7/28/25, 9:51 AM ACG 2071 Exam 3 FSU EXAM 2025 COMPLETE EXAM QUESTIONS AND ACCURATE ANSWERS |ALREADY PASSED!! Flashc…
What can be achieved Easily Attainable Standards
even if "shit hits the fan"
Companies in which lower Decentralized Organizations
level managers have been
granted substantial
authority
Try to keep costs as low as Cost Centers
possible
In charge of both Profit Centers
revenues and costs
Keep their eyes on Investment Centers
invested capital
Monitor the money Revenue Centers
coming into a company
Income / Investment ROI
More Sales How do you increase ROI (holding all else constant)
Less Costs
Less Investment
Increase income or
decrease investment
*Operating Income - (% Residual Income formulas
cost of capital x
assets/Investment)
or
Op Inc - Minimum
Available Income
know both
cost of capital also called:
Target rate of return,
hurdle rate, desired ROI,
Return on invested
capital*
https://quizlet.com/1062597665/acg-2071-exam-3-fsu-exam-2025-complete-exam-questions-and-accurate-answers-already-passed-flash-cards/ 2/8
ACG 2071 Exam 3 FSU EXAM 2025 COMPLETE
EXAM QUESTIONS AND ACCURATE ANSWERS
|ALREADY PASSED!!
Save
Terms in this set (63)
What goes out + ending Budgeting formula (all budgets)
inventory - beginning =
what you need
| AP-SP | x AQ Price (Rate) Variance
| AQ-SQ | x SP Usage (Efficiency) Variance
Flexible Budget Variance Price Variance + Usage Variance
Master Budget - Actual Master/Static Budget Variance
Results
Master Budget - Flexible Sales Activity (Volume) Variance
Budget
Flexible Budget - Actual Flexible Budget Variance
Budget
What we can achieve Ideal Standards
under optimal
circumstances
What we can achieve Practical Standards
under normal/typical
circumstances
what we focus on
https://quizlet.com/1062597665/acg-2071-exam-3-fsu-exam-2025-complete-exam-questions-and-accurate-answers-already-passed-flash-cards/ 1/8
, 7/28/25, 9:51 AM ACG 2071 Exam 3 FSU EXAM 2025 COMPLETE EXAM QUESTIONS AND ACCURATE ANSWERS |ALREADY PASSED!! Flashc…
What can be achieved Easily Attainable Standards
even if "shit hits the fan"
Companies in which lower Decentralized Organizations
level managers have been
granted substantial
authority
Try to keep costs as low as Cost Centers
possible
In charge of both Profit Centers
revenues and costs
Keep their eyes on Investment Centers
invested capital
Monitor the money Revenue Centers
coming into a company
Income / Investment ROI
More Sales How do you increase ROI (holding all else constant)
Less Costs
Less Investment
Increase income or
decrease investment
*Operating Income - (% Residual Income formulas
cost of capital x
assets/Investment)
or
Op Inc - Minimum
Available Income
know both
cost of capital also called:
Target rate of return,
hurdle rate, desired ROI,
Return on invested
capital*
https://quizlet.com/1062597665/acg-2071-exam-3-fsu-exam-2025-complete-exam-questions-and-accurate-answers-already-passed-flash-cards/ 2/8
