Complete the following statements with one of the terms listed here. you may use a term more than once. some terms may not be used at all. capital turnover direct fixed expenses flexible budget variance key performance indicators (kpis) profit center sales margin common fixed expenses favorable variance goal congruence management by exception return on investment (roi) unfavorable variance cost center flexible budget investment center master budget variance revenue center volume variance a(n)
▼

is a budget prepared for a different volume level than that which was originally anticipated.
b.

the difference between the flexible budget and actual results is called the
flexible budget variance

. the legal department of a manufacturer is considered to be a(n)
▼

k.

the headquarters for an international consulting firm is considered to be a(n)
l.

fixed expenses that can be traced to the segment are called
m.

shows how much income is generated for every $1.00 of sales.
n.

o.

the difference between actual results and the master budget is called the .
p.

when the goals of the segments managers in a company are the same, then
q.

the local branch office of a national bank is considered to bea(n)
.
r.

fixed expenses that cannot be traced to the segment are called