When are sales and cost variances favorable and unfavorable?
Question:
When are sales and cost variances favorable and unfavorable?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 41% (12 reviews)
Sales variances are favorable when actual sales are great...View the full answer
Answered By
Nazrin Ziad
I am a post graduate in Zoology with specialization in Entomology.I also have a Bachelor degree in Education.I posess more than 10 years of teaching as well as tutoring experience.I have done a project on histopathological analysis on alcohol treated liver of Albino Mice.
I can deal with every field under Biology from basic to advanced level.I can also guide you for your project works related to biological subjects other than tutoring.You can also seek my help for cracking competitive exams with biology as one of the subjects.
3.30+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Managerial Accounting questions
-
When are sales and cost variances favorable and unfavorable?
-
Are favorable variances always good and unfavorable variances always bad? How should variances be interpreted? What about the situation in which the materials price variance is favorable and the...
-
Recognizing favorable vs. unfavorable variances Compute variances for the following items and indicate whether each variance is favorable (F) or unfavorable (U). Budget Actual For U Variance Item...
-
Segment Analysis Winston Sylvester Corporation is a brokerage and financial service company. The company recently provided information about its major business segments as follows (in millions):...
-
Name ten elements that you have access to in macroscopic quantities as a consumer here on Earth. Discuss.
-
Two consecutive peaks in an ultrasound A-scan are separated by a time interval of 0.034 ms. Calculate the distance between the two reflecting surfaces. (Assume that the speed of sound in the tissue...
-
Superchef World Class Kitchens supplies two varieties of kitchen benchtops, Solid Surface and Laminate. The projected operating data for the month of September are as follows. Required Prepare a...
-
Kevin Steven opened a small tax-preparation service. Steven Tax Services trial balance at the end of its second year of operation is as follows. The following information is also available: a. Office...
-
A thin airfoil is measured to have the following linear Cp distributions on its upper and lower surfaces at some small angle of attack, alpha . Cp _ upper = - 1 * ( 1 - x / c ) , Cp _ lower = 0 . 5 *...
-
All-Around Sound Co. discovered a fraud whereby one of its front office administrative employees used company funds to purchase goods, such as computers, digital cameras, and other electronic items...
-
When the operating costs for Bill Smiths production department were released, he was sure that he would be getting a raise. His costs were $20,000 less than the planned cost in the master budget. His...
-
Joan Mason, the marketing manager for a large manufacturing company, believes her unfavorable sales volume variance is the responsibility of the production department. What production circumstances...
-
The type of clutch used in trucks and buses is (a) single plate clutch (b) multi-plate clutch (c) cone clutch (d) centrifugal clutch
-
In Figure 13.1, suppose that Voter 5 comes to value the public good even more than before. Will there be an increase in the amount provided through the median voter model of the voting process? Why...
-
Female physicians earn considerably less than their male counterparts. Discuss some of the reasons that account for the differences. What kind of evidence would lead one to conclude that at least...
-
Suppose that the public good in Figure 19.2 is associated with increasing costs of production (this would occur if AC is positively sloped). Will the two individuals be able to fund the optimal...
-
Using Figure 11.2: (a) Calculate an initial labor market equilibrium (wages and employment) determined by the demand and supply of labor. (b) Indicate the wage and employment impacts of a health...
-
What are barriers to entry? Describe three potential barriers in the pharmaceutical industry. What are some consequences of these barriers?
-
What happens over time to the currencies of countries with higher inflation rates than U.S. inflation rates? To the currencies of countries with lower inflation rates?
-
Prove the result that the R 2 associated with a restricted least squares estimator is never larger than that associated with the unrestricted least squares estimator. Conclude that imposing...
-
Return to question 4. Suggest specific ways that your leader could improve their leadership competency and ethical style. Question 4 Briefly describe the leader of an organization in which you work...
-
The three divisions of Dixie Foods are Cereal, Produce, and Snacks. The divisions are structured as investment centers. The following responsibility reports were prepared for the three divisions for...
-
The Laser Division of FOX Technologies Inc. has been experiencing revenue and profit growth during the years 20102012. The divisional income statements are provided below. Assume that there are no...
-
Modern Living Inc. is a privately held diversified company with five separate divisions organized as investment centers. A condensed income statement for the Patio Division for the past year,...
-
Explain and analyze how social entrepreneurship helps the development of a society. Justify your answer using theoretical approaches mentioned in the lesson, as well as real examples.
-
Discuss how the five forces model can be used to analyze the pharmaceutical industry and determine the best strategies for success.
-
How does a firm's external environment impact its strategic decision making process?
Study smarter with the SolutionInn App