Variances are not explanations

beplay体育怎么安装Managerial Accounting
Reference no: EM13172939

Inc., as discussed in the chapter opener, uses a costing system with standard costs for direct materials, direct labor, and overhead costs.

Two comments frequently are mentioned in relation to standard costing and variance analysis: "Variances are not explanations" and "Management's goal is not to minimize variances."

Your responses must be 3-4 sentences long each and represent "active communication."

Reference no: EM13172939

Previous Q& A

硝酸等条子是悲伤solution containing an salt

硝酸等条子是悲伤solution containing an unknown salt. An off-white colored precipitate forms. Nitric acid is added to the mixture, the precipitate dissolves and a gas is given off. What is the anion present: Cl-, Br-, I-, PO4 3-, SO4 2..

What information does marco need to use the tools

Write a one page memo to Marco, in Word, answering the following questions and list three management tools that Marco can use to evaluate whether the new warehousing center will be a good investment.

How many radial nodes are present in radial eigenfunction

how many radial nodes are present in the radial eigenfunction associated with the 3p atomic orbital associated with the 3p atomic orbital for hydrogen like atom?

What is the value of temperature change

A student finds that during a reaction, the 150.g of water in the reaction cup warms from 21.0 Celsius to 28.5 degrees Celsius.

State a technician in a large pharmaceutical research firm

As a technician in a large pharmaceutical research firm, you need to produce 350.mL of 1.00 M potassium phosphate buffer solution of pH = 6.87. The pKa of H2PO4- is 7.21.

Calculate the theoretical yield of c2h5cl

Calculate the theoretical yield of C2H5Cl when 123g of C2H6 reacts with 213g of Cl2 , assuming that C2H6 and Cl2 react only to form C2H5Cl and HCl.

Who is benefited and who is harmed

Who are the stakeholders in this situation? Who is benefited and who is harmed and was Ron ethical in the way he performed the time study test?

What is the total work in going from the initial

What is the total work (in joules) in going from the initial to the final state by way of the preceding two steps? What would be the total work if the process were carried out reversibly?

How grams of potassium permanganate are need

How grams of potassium permanganate are need to decolorize one gram of 2-pentene in basic solution.

What is the value of kc for the decomposition

What is the value of Kc for the decomposition of ammonium carbamate into ammonia and carbon dioxide?

Reviews

Write a Review

Similar Q& A

Cadence and cross master and departmental budgets

Five years ago, Jack Cadence left his position at the large company to start Advanced Technologies Co. (ATC), a software design company. ATC's first product was the unique software package which seamlessly integrates networked PCs.

Flexible budget analysis and strategic-budget analysis

Why might managers find out a flexible budget analysis more informative than the strategic-budget analysis? Describe your rationale. How might a manager gain insight in the causes of the flexible-budget variance for direct materials?

Fasb and ifrs standards

How does FASB and IFRS standards differ from on another? If the US adopted the IFRS standards what are the advantages and disadvantages?

Managerial accounting case

ACT 6691, Managerial Accounting Case: - Read the case and analyze the information. Prepare a narrative report (or notes to the income statement) addressing why/how quantitative items were selected. The following items must be explained:

Calculating unit price

Klumper Corporation is a diversified manufacturer of industrial goods. The company's activity- based costing system contains the following six activity cost pools and activity rates:

Prepare mastic static budget-prepare flexible budget

A company makes a product out of metal. They employ two pounds of metal that costs them $20 per pound. They pay their employees $25 an hour and it takes average of 1.3 hours for them to make the final product.

Determing cost driver-computing cost

What is the appropriate cost driver for allocating overhead to pizzas in Year 1? Using normal costing, compute the cost of each of the 336,033 meat pizzas produced in year 1. Was overhead over-or under applied during the year? By how much? Why do yo..

Baker plumbing fixtures-target costing

uppose the company decides that only 1,400 units can be sold at a price of $5,000 and, therefore, the target cost cannot be reached. The company is considering. dropping the steam feature, which adds $600 of variable cost per unit. With this featu..

Advise managers whether or not this contract is profitable

Advise managers whether or not this contract is profitable. Evaluate any additional information that managers need to consider before accepting or rejecting this contract

Cost behaviour of firms

Describe the issues surrounding the effective measurement of a firm's cost behaviour). Describe the importance and limitations of financial ratio analysis

Required federal forms and schedules for brett simons

Prepare the 2013 Form 1040 and all other required Federal forms and schedules for Brett Simons. The returns should be prepared taking the maximum tax benefit allowable into consideration. Round all amounts to whole dollars.

Process cost system and cost transferred

Company uses a process cost system. The company started march with 2,300 units in work in process-department A. During the month 4,000 units were started. At the end of the month there were 3,200 units in ending work in process-dept.

Free Assignment Quote

+ +的分数

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

beplay安卓下载

Baidu