If we know that a variance is the result of an uncontrollable price increase for a supply
Question:
If we know that a variance is the result of an uncontrollable price increase for a supply item that we must have, do we need to investigate and make a report regarding the variance? Why or why not?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 62% (8 reviews)
Absolutely The variance should be investigat...View the full answer
Answered By
Utsab mitra
I have the expertise to deliver these subjects to college and higher-level students. The services would involve only solving assignments, homework help, and others.
I have experience in delivering these subjects for the last 6 years on a freelancing basis in different companies around the globe. I am CMA certified and CGMA UK. I have professional experience of 18 years in the industry involved in the manufacturing company and IT implementation experience of over 12 years.
I have delivered this help to students effortlessly, which is essential to give the students a good grade in their studies.
3.50+
2+ Reviews
10+ Question Solved
Related Book For
Financial Management for Public, Health and Not-for-Profit Organizations
ISBN: 978-1506326849
5th edition
Authors: Steven A. Finkler, Daniel L. Smith, Thad D. Calabrese, Robert M. Purtell
Question Posted:
Students also viewed these Business questions
-
If we know that a variance is the result of an uncontrollable price increase for a supply item that we must have, do we need to investigate and make a report regarding the variance? Why or why not?
-
A favorable overhead efficiency variance is the result of a. standard outputs allowed for actual inputs exceeding the flexible budget inputs. b. standard inputs allowed for actual outputs achieved...
-
The Minitab output displayed here is the result of a multiple regression analysis with three independent variables. Variable x1 is a dummy variable. Discuss the computer output and the role x1 plays...
-
A test rocket is launched by accelerating it along a 200.0-m incline at 1.25 m/s2 starting from rest at point A (Figure 3.45.) The incline rises at 35.0o above the horizontal, and at the instant the...
-
Last year you received an average of 129.2 complaints (i.e., individual items to be fixed under warranty) per new car sold, with a standard deviation of 42.1 complaints based on 3,834 new cars sold....
-
What is the purpose of using reversing entries? Are they mandatory? When should they be used?
-
\(\frac{c^{9}}{c^{4}}\) Simplify the expression.
-
Green Golf Accessories sells golf shoes, gloves, and a laser-guided range-finder that measures distance. Shown below are unit cost and sales data. Fixed costs are $620,000. Instructions (a) Compute...
-
Give a comprehensive solution for this. Please do not copy answers from other sites like Chegg or Bartleby because I know when it's copied. I need an original solution coming from you. Mary and Rose...
-
It is desired to set up a central station for simultaneous monitoring of the electrocardiograms (ECGS) of 10hospital patients. The data from the 10patients are broughtto a processing center over...
-
What is the essential issue on which flexible budget variance analysis is based?
-
How can outcomes be measured?
-
For the past year, De Vries, Inc., had a cost of goods sold of $59,382. At the end of the year, the accounts payable balance was $13,689. How long on average did it take the company to pay off its...
-
The independent auditor issues a report at the end of the audit. Refer to the standard report in the chapter. 1 What is the difference between (a) "generally accepted auditing standards" and (b)...
-
Discuss the following observation recently made by a businessman: "Published financial statements should be designed to enable the efficiency and skill of management to be evaluated."
-
Minker expresses an unqualified opinion concerning the financial statements of the Zee Company, in which statements the basis of valuation of the fixed assets is not shown. She is aware of the fact...
-
Consider two ways of looking at the profit of a business: an increase in the book wealth of the company; and the net result of the companys trading operations (revenue less expenses). What do these...
-
Outline an income statement showing each of the main category headings using the business functions format.
-
On the first day of the fiscal year, a company issues a $3,000,000, 11%, 5-year bond that pays semiannual interest of $165,000 ($3,000,000 11% ), receiving cash of $2,889,599. Journalize the bond...
-
Write an essay describing the differing approaches of nursing leaders and managers to issues in practice. To complete this assignment, do the following: 1. Select an issue from the following list:...
-
Fallow Corporation is subject to tax only in State X. Fallow generated the following income and deductions. State income taxes are not deductible for X income tax purposes. Sales...
-
Dillman Corporation has nexus in States A and B. Dillmans activities for the year are summarized below. Determine the apportionment factors for A and B assuming that A uses a three-factor...
-
Roger Corporation operates in two states, as indicated below. This year's operations generated $400,000 of apportionable income. Compute Roger's State A taxable income assuming that State A...
-
What types of information can be found in a mutual fund prospectus? Multiple select question. information about dividends and distributions information about current net asset value information about...
-
Instructions Using the information from previous chapters and the new information above, do the following: a. Answer Natalie's questions. b. Prepare and post to T accounts the June 2024 transactions....
-
Concerning factoring, all of the following are true except: Group of answer choices factors prefer business over consumer accounts factoring is done at a discount to the third party purchaser...
Study smarter with the SolutionInn App