Homework Answers
|
Cost variance |
c)Measures how well the business keeps unit costs of material and labor inputs with in standards |
|
Efficiency variance |
e)measures how well the business uses its materials or human resources |
|
Flexible budget variance |
b)the difference between actual results and the expected results in the flexible budget for the actual units sold |
|
Sales volume variance |
a)the difference between the expected results in the flexible budget for the actual units sold and the static budget |
|
Static budget variance |
d) The difference between actual results and the expected results in the static budget |
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Match the variance to the correct definitions. i(Click on the icon to view the definitions.) Definition...
Match each form to the correct definition Terms a. Flexible budget b. Flexible budget variance c....
Match each form to the correct definition Terms a. Flexible budget b. Flexible budget variance c. Sales volume variance d Static budget e. Variance - Definitions 1. A summarized budget for several levels of volume that separates variable costs from foxed costs 2. A budget prepared for only one level of sales 3. The difference between an actual amount and the budgeted amount 4. The difference arising because the company actually earned more or less revenue, or incurred more or...
Question 17 )The sales volume variance is the differernc between the ? A) Actual results and...
Question 17 )The sales volume variance is the differernc between the ? A) Actual results and the expected results in the flexible budget for the actual units sold B)Expected results in the flexible budget for the actual units sold and the static budget c)Static budget and actual amounts due to differences in sales price d)flexible budget and static budget due to differences in fixed costs
Question 17 )The sales volume variance is the differernc between the ? A) Actual results and...
Question 17 )The sales volume variance is the differernc between the ? A) Actual results and the expected results in the flexible budget for the actual units sold B)Expected results in the flexible budget for the actual units sold and the static budget c)Static budget and actual amounts due to differences in sales price d)flexible budget and static budget due to differences in fixed costs
0 Match the accounting terminology to the definitions. (Click the icon to view the definitions.) More...
0 Match the accounting terminology to the definitions. (Click the icon to view the definitions.) More Info - X a. 1. Sarbanes-Oxley Act 2. Internal control 3. Encryption 4. Separation of duties 5. Internal auditors b. Organizational plan and all the related measures adopted by an entity to safeguard assets, encourage employees to follow company policies, promote operational efficiency, and ensure accurate and reliable accounting records. Employees of the business who ensure that the company's employees are following company policies...
answer all 37) The sales volume variance is the difference between the 37) Aj expected results...
answer all
37) The sales volume variance is the difference between the 37) Aj expected results in the flexible budget for the actual units sold and the static budget B) static budget and actual amounts due to differences in sales price C) flexible budget and static budget due to differences in fixed costs D) actual results and the expected results in the flexible budget for the actual units sold 38) 39) The static budget, at the beginning of the month,...
Roland Company's managers received the following incomplete performance report FR (Click the icon to view the...
Roland Company's managers received the following incomplete performance report FR (Click the icon to view the incomplete performance report.) Cd Data Table performance report Identity the employee group that may deserve praise and the group that may be subject to criticism Give your reasons. Complete the performance report (For accounts with a zero balance, make sure to enter "o" in the appropriate cell. Label each variance as favourable (F or unfavourable (U). If the variance is zero, do not select...
Question 17 )The sales volume variance is the differernc between the ? A) Actual results and...
Question 17 )The sales volume variance is the differernc between the ? A) Actual results and the expected results in the flexible budget for the actual units sold B)Expected results in the flexible budget for the actual units sold and the static budget c)Static budget and actual amounts due to differences in sales price d)flexible budget and static budget due to differences in fixed costs Question 18 )Generals Co.can further process Product B to Product product A. product B currently...
8 The following information relates to Brookman, Inc.'s overhead costs for (Click the icon to view...
8 The following information relates to Brookman, Inc.'s overhead costs for (Click the icon to view the information) Requirements 1. Compute the overhead vanances for the month: variable overhead cost variance, variable overhead officiency variance, fixed ove 2. Explain why the variances are favorable or unfavorable. Requirement 1. Compute the overhead vanances for the month variable overhead cost variance, variable overhead efficiency varianc Begin by selecting the formulas needed to compute the variable overhead (VOH) and fixed overhead (FOH) variances,...
1. Match the accounting terms with the corresponding definitions. (Click the icon to view the accounting...
1. Match the accounting terms with the corresponding definitions. (Click the icon to view the accounting terms.) a. (2) b. A detailed record of all increases and decreases that have occurred in a particular asset, liability, or equity during a period The record holding all the accounts of a business, the changes in those accounts, and their balances A journal entry that is characterized by having multiple debits and/or multiple credits A record of transactions in date order Left side...
Carol Lou, Inc. designs and manufactures fleece quarter-zip jackets. It sells its jackets to brand-name outdoor...
Carol Lou, Inc. designs and manufactures fleece quarter-zip jackets. It sells its jackets to brand-name outdoor Outfitters in lots of one dozen. Carol Lou's May 2017 static budget and actual results for direct inputs are as follows: E (Click the icon to view the data.) (Click the icon to view additional information.) Read the requirements. Requirement 1. Calculate the direct materials and direct manufacturing labor price and efficiency variances in May 2017. What is the total flexible-budget variance for both...
Match each form to the correct definition Terms a. Flexible budget b. Flexible budget variance c. Sales volume variance d Static budget e. Variance - Definitions 1. A summarized budget for several levels of volume that separates variable costs from foxed costs 2. A budget prepared for only one level of sales 3. The difference between an actual amount and the budgeted amount 4. The difference arising because the company actually earned more or less revenue, or incurred more or...
Question 17 )The sales volume variance is the differernc between the ? A) Actual results and the expected results in the flexible budget for the actual units sold B)Expected results in the flexible budget for the actual units sold and the static budget c)Static budget and actual amounts due to differences in sales price d)flexible budget and static budget due to differences in fixed costs
Question 17 )The sales volume variance is the differernc between the ? A) Actual results and the expected results in the flexible budget for the actual units sold B)Expected results in the flexible budget for the actual units sold and the static budget c)Static budget and actual amounts due to differences in sales price d)flexible budget and static budget due to differences in fixed costs
0 Match the accounting terminology to the definitions. (Click the icon to view the definitions.) More Info - X a. 1. Sarbanes-Oxley Act 2. Internal control 3. Encryption 4. Separation of duties 5. Internal auditors b. Organizational plan and all the related measures adopted by an entity to safeguard assets, encourage employees to follow company policies, promote operational efficiency, and ensure accurate and reliable accounting records. Employees of the business who ensure that the company's employees are following company policies...
answer all
37) The sales volume variance is the difference between the 37) Aj expected results in the flexible budget for the actual units sold and the static budget B) static budget and actual amounts due to differences in sales price C) flexible budget and static budget due to differences in fixed costs D) actual results and the expected results in the flexible budget for the actual units sold 38) 39) The static budget, at the beginning of the month,...
Roland Company's managers received the following incomplete performance report FR (Click the icon to view the incomplete performance report.) Cd Data Table performance report Identity the employee group that may deserve praise and the group that may be subject to criticism Give your reasons. Complete the performance report (For accounts with a zero balance, make sure to enter "o" in the appropriate cell. Label each variance as favourable (F or unfavourable (U). If the variance is zero, do not select...
8 The following information relates to Brookman, Inc.'s overhead costs for (Click the icon to view the information) Requirements 1. Compute the overhead vanances for the month: variable overhead cost variance, variable overhead officiency variance, fixed ove 2. Explain why the variances are favorable or unfavorable. Requirement 1. Compute the overhead vanances for the month variable overhead cost variance, variable overhead efficiency varianc Begin by selecting the formulas needed to compute the variable overhead (VOH) and fixed overhead (FOH) variances,...
1. Match the accounting terms with the corresponding definitions. (Click the icon to view the accounting terms.) a. (2) b. A detailed record of all increases and decreases that have occurred in a particular asset, liability, or equity during a period The record holding all the accounts of a business, the changes in those accounts, and their balances A journal entry that is characterized by having multiple debits and/or multiple credits A record of transactions in date order Left side...
Carol Lou, Inc. designs and manufactures fleece quarter-zip jackets. It sells its jackets to brand-name outdoor Outfitters in lots of one dozen. Carol Lou's May 2017 static budget and actual results for direct inputs are as follows: E (Click the icon to view the data.) (Click the icon to view additional information.) Read the requirements. Requirement 1. Calculate the direct materials and direct manufacturing labor price and efficiency variances in May 2017. What is the total flexible-budget variance for both...
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