What are the key processes, data, and data flows in the cost accounting system for variance analysis
Question:
What are the key processes, data, and data flows in the cost accounting system for variance analysis of a manufacturer that uses a standard cost system?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
In a manufacturing environment that utilizes a standard cost system the cost accounting system for variance analysis involves several key processes da...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Accounting Information Systems
ISBN: 9780538469319
9th Edition
Authors: Pat Wheeler, Ulric J Gelinas, Richard B Dull
Question Posted:
Students also viewed these Business questions
-
M-L Fasteners, GmbH case set in West Germany in 1986 in the apparel fasteners industry. The issue is cost analysis for a "bundled" business. My biggest concern is keeping prices up in the face of...
-
Miskatonic University is a small liberal arts university with an excellent academic reputation; the school is known for its unique course offerings and its well-respected programs in what the...
-
1. what are the key considerations when evaluating the severity of a deficiency in a control that directly addresses a risk of material misstatement? 2. does the assistant controllers failure to...
-
Discuss the ways that managed care organizations can infl uence the adoption of new technologies.
-
A normally consolidated clay has a ' of 30o. Two identical specimens of this clay are consolidated to 200 kPa in a triaxial cell. Predict the maximum and minimum possible axial stresses in the...
-
A woman having a weight of 175 lb attempts to hold herself using one of the two methods shown. Determine the total force she must exert on bar AB in each case and the normal reaction she exerts on...
-
The data in CarDepreciation given in Exercise 3.93 contains information on both New price and Depreciation for a sample of 20 automobile models. (a) Find the correlation between New price and...
-
To what extent does the development of new technologies simplify and routinize the job of employees? Can you give an example? How can new technology lead to job enlargement? Discuss.
-
Table 4.1 Reference values (reference equivalent threshold sound pressure levels [RETSPLS]) for standard supra- aural audiometric earphones expressed as the sound pressure levels (dB SPL in a 6-cc...
-
Why is inventory management and control important to the manufacturing and production processes?
-
How is information generated about the IPP used for managing the IPP as well as other business processes?
-
What is a race condition? How can you avoid it?
-
After reviewing the video, read the two articles linked below,reflect on the following questions and share your responses with the class: https://youtu.be/EyMT08mD7Ds Article 1: Signs your...
-
1) Describe what is meant by "irony" in the quote, "Ironically, the New Deal was a lifesaver for us personally." 2) Military conscription is described as a tax. Describe the relationship between...
-
Japan's process towards prosperity in the late 20th century was a multifaceted one, driven by a combination of domestic policies, industrial strategies, and international factors. In 1964, the...
-
Notice that the "zestimate" - Zillow's best estimate of the house price - jumps in July 2018. Can you figure out why Zillow's formula to estimate prices would predict such a large increase? Do you...
-
The handbag department received 432 totes for the spring season. at the end of the first month, 275 totes were on hand. what was the sell-through percent of the totes?
-
Good project managers know what type of trouble can occur at the various stages in the development of a project. The activities in the numbered list below indicate the various stages of a project....
-
Using a graphing utility, graph y = cot -1 x.
-
The following is a list of six control plans from this chapter or from Chapters 9 and 10. Control Plans A. Prenumbered checks B. Confirm customer accounts regularly C. Confirm input acceptance D....
-
The following is a list of six control plans from this chapter or from Chapters 9 and 10. Control Plans A. Review shipped not billed sales orders B. Turnaround documents C. Deposit slip file D....
-
The following is a list of six control plans from this chapter or from Chapters 9 and 10. Control Plans A. Review shipped not billed sales orders B. Turnaround documents C. Deposit slip file D....
-
For the following event definitions, identify whether they are mutually exclusive or not, selecting a reason for your choice in each case. (a) Event A: Tree is a Birch with woodpecker marks || Event...
-
Discuss two cases in the past year where ransomware attacks took place. How did the attacks take place, who were the victims, and who were the perpetrators (known or suspected)? Could these attacks...
-
Structure, culture and leadership Explain the role of leadership that exists within Zurich and how the structure and culture of the organisation can support effective transitional change. (Suggested...
Retire Right Secure The Right Path To Your Retirement 1st Edition - ISBN: 979-8481872513 - Free Book
Study smarter with the SolutionInn App