Consider the following statement: No manager should be held responsible for a volume variance. Briefly explain why

Question:

Consider the following statement: "No manager should be held responsible for a volume variance." Briefly explain why a volume variance should not be investigated and viewed as the responsibility of some manager in an organization.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Fundamentals of Cost Accounting

ISBN: 978-1259565403

5th edition

Authors: William Lanen, Shannon Anderson, Michael Maher

See More Books

Question Posted: Feb 16, 2018 07:42 AM

See More Questions

Consider the following statement: The federal government of Canada should not intervene when foreign companies attempt to buy out Canadian companies. This type of action by government interferes with...
Consider the following statement: It is very expensive to build eco-friendly buildings, so expenditures like these should generally not be made. Rather, companies should focus on upgrading their...
Consider the following statement: Trying to motivate employees by focusing on their needs is not a good idea because it is hard to find out just what employee needs are, and even if you find out,...
In a closed economy, prices are constant/fixed. Behaviour is characterised by the following relationships. C=0.9375 (Y-T), T=10 and I=50-250i Money demand Md=Y-100i The supply of money and government...
Trip Home you normally drive on the freeway between San Diego and Los Angeles at an average speed of 105 km/h (65 mi/h), and the trip takes 2 h and 20 min. On a Friday afternoon, however, heavy...
Describe a constant-payout-ratio dividend policy, a regular dividend policy, and a low-regular-and-extra dividend policy. What are the effects of these policies?
Water flows under the inclined sluice gate shown in Fig. P3.132. Determine the flowrate if the gate is $8 \mathrm{ft}$ wide. Figure P3.132 6 ft 30 1.6 ft 1 ft
Mega Games, Inc., produces two games, Extreme Combat and Judgment Weekend, with product structures as shown. An order for 100 units of Extreme Combat and 175 units of Judgment Weekend has been...
Assume Lance Corp. has the following reported amounts: Sales revenue $796,000, Sales returns and allowances $23,000, Cost of goods sold $517,910, and Operating expenses $171,600. . When typing your...
Paper Company acquired 80 percent of Scissor Company's outstanding common stock for $296,000 on January 1, 20X8, when the book value of Scissor's net assets was equal to $370,000. Problem 3-37...
Jane Ogden wants to save for a trip to Australia. She will need $12,000 at the end of four years. She can invest a certain amount at the beginning of each of the next four years in a bank account...
Janet Durham agreed to purchase approximately $10,000 worth of computer hardware from Ted Snuff. The sale of the hardware also included a one-time setup service visit estimated at $100 in value....
Brainstorm five creative ways for a small business without much money to advertise and promote its products or services using the latest developments in communications and Internet technology.
ABC, Inc., a calender year, accrual basis corporation, accrues a $100,000 bonus payable to its shareholder for its December 31, X1 financial statements. When can ABC deduct the $100,000 for tax?
Rylee inherited a 145-acre ranch. She decided to quit her job and continue the existing cattle operation. Her previous salary was $70,000 a year. When she sold the calves, she earned $1550 per head...
Regarding the Rational Method, select the correct statement: The frequency of occurrence for the peak discharge is usually lower than the frequency of the rainfall producing that event. In the...
John is a single individual who claims the standard deduction. During 2023, he receives $ 11 comma 000 of wages and $ 800 of dividends. Compute John's taxable income assuming.
1. Determine whether these functions are one-to-one, if the function is one-to- one, find its inverse. Be sure to show all your work! (a) f(x) = 2x - 3 (b) f(x) = x - 16 (c) g(x)=x (d) r(t) = 2 + t+1
Find the area of the surface. The part of the sphere x 2 + y 2 + z 2 = b 2 that lies inside the cylinder x 2 + y 2 = a 2 , where 0 < a < b
Suppose that the electrical potential at the point (x, y, z) is E(x, y, z) = x + y - 2z. What is the direction of the acceleration at the point (1,3,2)?
When is revenue recognized under the deposit method? How does the deposit method differ from the installment sales and cost-recovery methods?
When is revenue recognized under the deposit method? How does the deposit method differ from the installment sales and cost-recovery methods?
What is a major difference between iGAAP and U.S. GAAP as regards revenue recognition practices?
A bond with face value of $1,000 has annual coupons, promised coupon rate of 8%, and 5 years to maturity. Investors require an expected return of 5% from this bond. The probability of default is 2%...
How does the increasing influence of technology on governance and civic participation affect democratic processes, and what safeguards are necessary to ensure that technology enhances rather than...
Inflation in the United States is 2% per year and in Australia, it is 3% per year. The nominal interest rate in Australia is 6%. What does the Fisher effect predict the nominal interest rate in the...

Consider the following statement: No manager should be held responsible for a volume variance. Briefly explain why

Question:

Step by Step Answer:

Consider the following statement As long as the product...View the full answer

Fundamentals of Cost Accounting

Students also viewed these Corporate Finance questions