Explain why a favourable variance does not necessarily indicate good performance?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 71% (7 reviews)
A favourable variance could be due to loose or inaccu...View the full answer
Answered By
Arun Kumar Narvariya
I am teaching since 2014 when I was in college and after that I joined a private coaching institute with college for my expanse and I found my interest in teaching there,I have given Gate two times in 2018,2019 and scored 1389,1013 respectively.Now I am teaching in a private coaching institute and feeling good.
0.00
0 Reviews
10+ Question Solved
Related Book For
Management Accounting
ISBN: 9781760421144
7th Edition
Authors: Kim Langfield Smith, Helen Thorne, David Alan Smith, Ronald W. Hilton
Question Posted:
Students also viewed these Advanced Accounting questions
-
Match the following terms and descriptions. (1) _____ management assertion (2) _____appropriate (3) _____design and operating (4) _____negligence (5) _____material (6) _____entity level (7)...
-
When will the materials price variance be unfavorable? Does an unfavorable materials price variance necessarily indicate a control problem? Explain why or why not.
-
1. In our simple model, if C = 100 + 0.8y, and I = 50, equilibrium output will be ______. 2. If in Exercise 3.1 I increase to 100, a. The equilibrium income will be ______. b. The multiplier is...
-
Give the order of magnitude () for the following algorithm. Explain why your answer is correct. GET VALUES for A1, A2, ..., An, and B, B2, ..., Ba Get value of n /* set i equal to 1 */ /* for each of...
-
Explain which of these compounds is the weaker base? :Z 0 HIN:
-
The daily demand for Iron coat paint at the Top Value Hardware Store in North Bay is normally distributed, with a mean of 30 liters and a standard deviation of 10 liters. The lead time for receiving...
-
A printed circuit board has eight different locations in which a component can be placed. If four different components are to be placed on the board, how many different designs are possible?
-
Sean McNamee was the owner of an accounting firm, W. F. McNamee & Co., LLC (WFM), which he founded and formed in Connecticut as a limited liability company (LLC). For federal tax purposes, an LLC can...
-
Research articles regarding marketing to Baby Boomers (find at least 3). (This will be your Target Market Demographics Age Range). Please be specific and find as much information as you can about...
-
The company in Example 2 identifies 240 adults who are heavy smokers. The subjects are randomly assigned to be in a treatment group or in a control group. Each subject is also given a DVD featuring...
-
Describe the factors that managers may consider when assessing the significance of a variance. Why do we need to assess the significance of variance?
-
What is the meaning of the term interaction between variances?
-
In Metropolis only taxicabs and privately owned automobiles are allowed to use the highway between the airport and downtown. The market for taxi cab service is competitive. There is a special lane...
-
Refer to the latest financial report of JB Hi-Fi Limited on its website, www.jbhifi.com.au, and answer the following questions. 1. Is it likely that JB Hi-Fi Limited would have to confront such...
-
Newspaper Concessions Corporation (NCC) manufactures vending machines for newspaper chains nationwide. The machines are placed in conspicuous locations and accessed using the appropriate combination...
-
New Piper, an aircraft manufacturer, issued a Mandatory Service Bulletin grounding 76 new aircraft manufactured during the first 5 months of 2004. Thirty-nine of the airplanes were in customers...
-
The employees of a midsized printed circuit-board manufacturer had been excited about their empowerment program during its first several months of operation. A number of solid suggestions for...
-
Consider a bank with the following balance sheet, as shown on the next page. You read online that the banks return on assets (ROA) was 1 percent. What were the banks after-tax profits? Bank Balance...
-
Cassandra SAs comparative statements of financial position are presented below. Additional information: 1. Net income was 23,300. Dividends declared and paid were 14,600. 2. Equipment that cost...
-
The water in tank A is at 270 F with quality of 10% and mass 1 lbm. It is connected to a piston/cylinder holding constant pressure of 40 psia initially with 1 lbm water at 700 F. The valve is opened,...
-
Identify some possible causal factors for the following support departments: a. Cafeteria b. Custodial services c. Laundry d. Receiving, shipping, and stores e. Maintenance f. Personnel g. Accounting...
-
James Beard owns a block of shops on a street just off Rodeo Drive. Of the 10 store spaces in the building, seven are rented by boutique owners, and three are vacant. James has decided that offering...
-
Delille Company manufactures both traditional toothpaste and gel toothpaste, with each type of toothpaste produced in separate departments. Three support departments support the production...
-
Perpetual inventory using LIFO Beginning inventory, purchases, and sales for Item 88-HX are as follows: July 1 Inventory 106 units @ $28 July 8 Sale 85 units July 15 Purchase 118 units @ $32 July 27...
-
Materials Costing for a Furniture Company Pull Up a Chair Company manufactures furniture. The company uses a job order cost system. Balances on August 1 from the materials ledger are as follows:...
-
You are a defense attorney, and your first big case is a multiple murder. You have come to the realization that your client really did break into a couple's home and torture and kill them in the...
Study smarter with the SolutionInn App