Krohn Company is producing an exception report. One division had $47,500 in budgeted costs, but it actually
Question:
Krohn Company is producing an exception report. One division had $47,500 in budgeted costs, but it actually spent $45,000. How would this variance appear on the exception report?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 61% (13 reviews)
The variance is 2500 F The di...View the full answer
Answered By
Joseph Mwaura
I have been teaching college students in various subjects for 9 years now. Besides, I have been tutoring online with several tutoring companies from 2010 to date. The 9 years of experience as a tutor has enabled me to develop multiple tutoring skills and see thousands of students excel in their education and in life after school which gives me much pleasure. I have assisted students in essay writing and in doing academic research and this has helped me be well versed with the various writing styles such as APA, MLA, Chicago/ Turabian, Harvard. I am always ready to handle work at any hour and in any way as students specify. In my tutoring journey, excellence has always been my guiding standard.
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Accounting concepts and applications
ISBN: 978-0538745482
11th Edition
Authors: Albrecht Stice, Stice Swain
Question Posted:
Students also viewed these Managerial Accounting questions
-
Rudy Bixon's tax liability for 2022 will be $4800. He will have $5000 withheld from his wages and will be eligible for a child care credit of $100 and a child tax credit of $2000. What is Rudy's...
-
How do variance reports promote the management by exception doctrine?
-
Company A owns a world-renowned trademark, but it doesn't appear on its balance sheet. Company B owns a world-renowned trademark, which is valued on the company's balance sheet at $125,000,000....
-
State the date (or dates) on which corporation tax is due for payment in relation to the following periods of account: (a) the year to 31 March 2021 (b) the six months to 30 November 2020 (c) the 21...
-
After researching the different forms of business organization, Natalie Koebel decides to operate Cookie Creations as a proprietorship. She then starts the process of getting the business running....
-
There are other classifications of mathematical systems besides groups. For example, there are rings and fields. Determine the requirements that must be met for a mathematical system to be (a) A ring...
-
How can a test be reliable and not valid? And why is a test not valid unless it is reliable?
-
Henry Horticultural, Ltd., is a leading producer of greenhouse irrigation systems. Currently, the company manufactures the timer unit used in each of its systems. Based on an annual production of...
-
A home in a remote location without access to municipal power is expensive to heat during the winter using a gas generator. The home owner is considering whether to set the thermostat to 66 deg F...
-
Please read the case below and answer the following questions. Augusta Training Shop: Snowflakes Attach a spreadsheet to your post to support your answers. Your analysis for each question show 1)....
-
Which one of the following statements is not an advantage of decentralization? a. Segment managers usually have more information regarding matters within their segments than do managers at higher...
-
Which one of the following is not an example of a responsibility center in an organization? a. Profit center b. Asset center c. Cost center d. Investment center
-
Zhang Shan Cai is a researcher in Taiwan. She wants to know if there is any difference in the average hours spent on reading each day for people aged 21 to 30 years, 31 to 40 years, and 41 to 50...
-
Indicate whether the following statements are true or false. (i) Standard costs are the measures of acceptable cost performance. (ii) Standards should be tight to be an effective tool of cost control...
-
In which of the following instances would the IDEA address the problem, and in which would a tort action of some type be more appropriate? In examining these situations, who within the school system...
-
Indicate whether the following statements are true or false. (i) Material price variance is an uncontrollable variance. (ii) The purchase manager is held accountable for unfavourable material usage...
-
What problems are encountered in applying administrative costs partly to the manufacturing and partly to the selling department of a business firm?
-
What are the characteristics of companies that are likely to be using job order cost system? Specify five concrete situations when use of job order cost system is most appropriate.
-
Consider an 800-mm water transfer tunnel with mean loading equal to 2 m 3 /s and coefficient of variation equal to 0. 20. Calculate the risk of failure of a pipe using safety margin approach when MS...
-
Explain how the graph of each function can be obtained from the graph of y = 1/x or y = 1/x 2 . Then graph f and give the (a) Domain (b) Range. Determine the largest open intervals of the domain over...
-
In regard to the Karas decision discussed earlier, the court held that in sports characterized as full-contact sports (specifically, ice hockey and football) rules violations are an inherent part of...
-
Presented below are selected ratios for four firms: Firm A is a distiller, Firm B is a jewelry retailer, Firm C is an airline, and Firm D is a hotel chain. Required: 1. Explain why the long-term...
-
Use Matt's Hats' financial statements in Problem 12-80B and the following data to respond to the requirements below. Required: 1. Prepare all the financial ratios for Matt's Hats for 2009 and 2008....
-
Cheap Auto, Inc., has asked your bank for a $100,000 loan to expand its sales facility. Cheap Auto provides you with the following data: *The 2006 ending inventory was $420,000 (FIFO). Your...
-
Find f'(x) and find the equation of the line tangent to the graph of f at x = 1. f(x)=(1+4x)(5-4x) f'(x)=
-
Find f'(x) and find the equation of the line tangent to the graph of f at x = 3. f(x)= 5x 2* f'(x)=
-
The total sales of S (in thousands of DVD's) of a certain movie are given by the following formula where t is the number of months since the release of the DVD. Use the formula to answer the...
Study smarter with the SolutionInn App