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Which of the following is part of a statistics budget? A. [http://www.bezern.com/] Output expectationsB. [http://www.bezern.com/

Which of the following is part of a statistics budget? A. [http://www.bezern.com/] Output expectationsB. [http://www.bezern.com/

NameUnit 8ASSIGNMENTNumeric Problems (2 @ 10 = 20) 1. [http://www.bezern.com/] Last year the price for thermometer covers in a pediatrician’s office was $. [http://www.bezern.com/]05 each. [http://www.bezern.com/] This year, the covers cost $. [http://www.bezern.com/]06 each. [http://www.bezern.com/] If the office purchased 10,000 thermometer covers this year, what is the price variance? 2. [http://www.bezern.com/] Using the information in the table below, calculate the amount of the favorable price variance. [http://www.bezern.com/] Budgeted ActualVolume 200,000 190,000Cost per unit $40 $37Cost $8,000,000 $7,030,000 Short Answer Problems (1 @ 10 = 10) 3. [http://www.bezern.com/] When would it make sense to use a flexible budget as compared to a forecast budget? Multiple Choice Problems (4 @ 5 = 20)4. [http://www.bezern.com/] ________________ is a phase of management that is longer than budgeting, but shorter than planning. [http://www.bezern.com/] A. [http://www.bezern.com/] ProgrammingB. [http://www.bezern.com/] AccountingC. [http://www.bezern.com/] OperatingD. [http://www.bezern.com/] None of the above 5. [http://www.bezern.com/] Budgets normally cover a period of: A. [http://www.bezern.com/] 5 yearsB. [http://www.bezern.com/] 2 yearsC. [http://www.bezern.com/] 3 yearsD. [http://www.bezern.com/] 1 year 6. [http://www.bezern.com/] Which of the following is part of a statistics budget? A. [http://www.bezern.com/] Output expectationsB. [http://www.bezern.com/] Responsibility for estimationC. [http://www.bezern.com/] Estimation methodologyD. [http://www.bezern.com/] All of the above 7. [http://www.bezern.com/] The following is an example of a _____________ budget:“The budget for the radiology department is different at 90 percent occupancy than at 80 percent occupancy. [http://www.bezern.com/]” A. [http://www.bezern.com/] rollingB. [http://www.bezern.com/] flexibleC. [http://www.bezern.com/] forecastD. [http://www.bezern.com/] fixed

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