(please type the answers) (accounting 640)
Consider variance analysis in a service industry. Is it a good thing to use or a bad thing to use? Why? What good behaviors could it encourage? What bad behaviors might it encourage? Consider a service industry you are familiar with or something like a call center or tax practice in your discussion
Variance analysis is a quantitative findings/outcome of difference between actual and planned event/behavior/data.
Pros of variance analysis:
1. Analyse the trende and performance
2. Control incurring of expenditure by setting budget objective
3. Setting roles and responsibility.
4. Understand cause of variations & fluctuations
Cons of variance analysis
1.time delay
2. Non evalutions of variance by management
3. Standard setting and variance source information
(please type the answers) (accounting 640) Consider variance analysis in a service industry. Is it a good thing to use o...
(please type the answers) (accounting 640) Consider variance analysis in a service industry. Is it a good thing to use or a bad thing to use? Why? What good behaviors could it encourage? What bad behaviors might it encourage? Consider a service industry you are familiar with or something like a call center or tax practice in your discussion
Consider variance analysis in a service industry. Is it a good thing to use or a bad thing to use? Why? What good behaviors could it encourage? What bad behaviors might it encourage? Consider a service industry you are familiar with or something like a call center or tax practice in your discussion. This question will help the students to understand why they need to study accounting. Question responses should be a minimum of 250 words, with a goal of...
Budgeting and Variance Analysis In an effort to better plan for and control OR costs, SHH management asked Jack to calculate the flexible budget variance (i.e., flexible budget costs - actual costs) for OR nursing costs, including the price variance and efficiency variance. Given that Jack is interested in comparing the reported costs of both systems, he decided to prepare the requested OR variance analysis for both the current cost system and the vital-signs costing system. In addition, Jack chose...
Wells Fargo was the darling of the banking industry, with some of the highest returns on equity in the sector and a soaring stock price. Top management touted the company’s lead in “cross-selling”: the sale of additional products to existing customers. “Eight is great,” as in eight Wells Fargo products for every customer, was CEO John Stumpf’s mantra. In September 2016, Wells Fargo announced that it was paying $185 million in fines for the creation of over 2 million unauthorized...
Java 1 Some help Please...... 1. Before You Begin Anticipate where things can go wrong Consider how to gracefully shut down the program and save the users data and close files properly. Typically there are two scenarios to make a distinction between: The first is one that which you have absolutely no control over; such as if all the files are where they should be, and that the user has not deleted one or accidentally moved it rather than copied...
Can someone please read this Case Analysis Article and properly answer Case Analysis Questions 1 and 2, down below? Also (PLEASE TYPE) everything out. NIKE Spreading Out to Win the Race Where’s the Company? If you don’t make anything, what do you actually do? It’s not a joke or a Buddhist riddle. Rather, it’s a conundrum about one of the most successful companies in the United States—Nike. The company is known worldwide for its products, none of which it actually...
Problem 1C: Chapter: CHCC Problem: 1C Say It Ain't So! Is This the Real Thing? INTRODUCTION David Ortega is the lead researcher for an upscale restaurant group hoping to add another chain that would compete directly with the upscale Smith and Wollensky restaurants (http://www.smith-andwollensky.com). The Smith and Wollensky Restaurant Group operates a handful of iconic restaurants around the country. The average check for a customer at Smith and Wollensky is approximately $80 to $90. Whenever a new venture of this...
To increase its share of the checking account market, Belltown National Bank in Seattle took two actions: (1) established a customer call center to respond to customer inquiries about account balances, checks cleared, fees charged, etc., and (2) paid year-end bonuses to branch managers who met their branch’s target increase in the number of customers. While 80% of the branch managers met the target increase in the number of customers, Belltown National’s profits continued to decline. Roger Welton, the CEO,...
Please show all steps with formulas. I have viewed other answers, however, I do not think wage is a variable cost. Let me know what you think. I will up vote for good content - thank you! Case ON-THE-GO: Cost-Volume-Profit Analysis Peter Kankel, the CFO of On-the-Go convenience stores, had only a couple of hours to decide what he would recommend. Decisions to add products are often challenging. Kankel knows that modern convenience stores have to do more than just...