Explain what the terms favorable variance and unfavorable variance mean.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (14 reviews)
Favorable simply indicates that a company used or spent less than ...View the full answer
Answered By
Muhammad Umair
I have done job as Embedded System Engineer for just four months but after it i have decided to open my own lab and to work on projects that i can launch my own product in market. I work on different softwares like Proteus, Mikroc to program Embedded Systems. My basic work is on Embedded Systems. I have skills in Autocad, Proteus, C++, C programming and i love to share these skills to other to enhance my knowledge too.
3.50+
1+ Reviews
10+ Question Solved
Related Book For
Managerial Accounting
ISBN: 978-0078025518
2nd edition
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips
Question Posted:
Students also viewed these Managerial Accounting questions
-
Favorable business conditions may bring about certain seemingly unfavorable ratios, and unfavorable business operations may result in apparently favorable ratios. For example, Grochoske Company...
-
Favorable business conditions may bring about certain seemingly unfavorable ratios, and unfavorable business operations may result in apparently favorable ratios. For example, Sanchez Company...
-
What groups benefit from and what groups are hurt by inflation, and how has the public sector of the economy been affected by it?
-
What (if anything) is wrong with each of the following statements? a. if (a > b) then c = 0; b. if a > b { c = 0; } c. if (a > b) c = 0; d. if (a > b) c = 0 else b = 0;
-
(Let di = yi [U + B1 (xi U)]. Show that for regression estimation, As in Exercise 21, show that is small compared to MSE[reg], when n is large. d;(x; u) N 1 ElFreg - yu] 1-n/N n S? i=1
-
Distributions to owners in 2023 included $144,000 to Jon and $96,000 Billy - what is the forms and what line this would be applied?
-
You are vice president of sales for your company and are speaking with your sales managers from around the country. You have been asked by the CEO to prepare a 5-minute presentation on why time and...
-
Jewel Pix currently uses a six-year-old molding machine to manufacture silver picture frames. The company paid $85,000 for the machine, which was state of the art at the time of purchase. Although...
-
1. For Firm G, compute cost of direct labor used. 2. For Firm G, compute cost of direct materials used. 3. For Firm G, compute cost of goods manufactured. 4. For Firm G, compute cost of goods sold....
-
You have an opportunity to purchase a 5-story multifamily building which is presently vacant. The asking price is $500,000. After discussing the project with your architect and general contractor,...
-
How do the terms standard and budget relate to one another and how do they differ?
-
What type of variance is created by comparing the master budget to the flexible budget?
-
Paul Sabin organized Sabin Electronics 10 years ago to produce and sell several electronic devices on which he had secured patents. Although the company has been fairly profitable, it is now...
-
Walter is about to record a trust deposit in clio for a company that has three matters open with the firm. The agreement is that the funds can be used for any of the three matters. Which is the most...
-
Fund statements for governmental funds use the current financial resources measurement focus and the ______ basis of accounting. Multiple choice question. accrual modified accrual modified cash cash
-
. Select one of the following types of service businesses in the Wake County Area. Examples in your EBOOK EX 17.14 Examples of Activities For Service Providers will help you get started. . PNC ARENA...
-
Which term describes information given by management to provide investors and financial analysts data that indicates expected future earnings, earnings per share, and other items Multiple Choice...
-
Explain the meaning of cost objects. Give four (4) examples of cost objects from the airline industry. Show why managers might be interested in knowing the costs.
-
The cord is wrapped around the inner core of the spool. If block B of weight W B is suspended from the cord and released from rest, determine the spools angular velocity when t = t 1 . Neglect the...
-
X-1 Find the domain of the function f(x) : x 1 2 - O (-00, -1) U (-1, ) O (-00, 1) U (1, ) O -00, -1) U (-1, 1) U (1, 0) O (- 1, 1)
-
What is the nature of? (a) A credit memo issued by the seller of merchandise, (b) A debit memo issued by the buyer of merchandise? Discuss.
-
Journalize the following merchandise transactions: a. Sold merchandise on account, $29,000 with terms 2/10, n/30. The cost of the merchandise sold was $21,750. b. Received payment less the discount.
-
Journalize the following merchandise transactions: a. Sold merchandise on account, $60,000 with terms 1/10, n/30. The cost of the merchandise sold was $40,000. b. Received payment less the discount.
-
Microblogging is found in Web 2.0. Explain clearly and in detail why microblogging could only exist in, and be a product of, Web 2.0, and not exist in or be a product of Web 1.0.
-
The brute force algorithm for string matching is given below: ALGORITHM Brute Force String Match(T[0..n-1], P[0..m-1]) //Implements brute-force string matching //Input: An array T[0..n-1] of n...
-
Below is a 2-3 tree, into which 4 elements were inserted so far. Please insert C,H,X,P and L in this tree in the given order. Show all intermediate steps with your drawings. E RS
Study smarter with the SolutionInn App