In 75 words or fewer, explain what a cost variance is and describe its potential causes.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 57% (14 reviews)
A cost variance measures how well a company keeps unit costs of production inputs wit...View the full answer
Answered By
Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).
4.00+
2+ Reviews
10+ Question Solved
Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133255584
4th Edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
Question Posted:
Students also viewed these Cost Accounting questions
-
In 75 words or fewer, explain why a bond would sell for more than the bonds face value on the bond issuance date.
-
In 75 words or fewer, explain the difference between stock dividends and stock splits. Include the effect on stock values.
-
In 75 words or fewer, explain adjusting journal entries.
-
In 2014, Elbert Corporation had net cash provided by operating activities of $531,000; net cash used by investing activities of $963,000; and net cash provided by financing activities of $585,000. At...
-
Which of the following molecular models correctly depicts the geometry of ClCN? CI C CI (a) (b)
-
Mavrogenes Corporation is a wholly owned Canadian subsidiary of a U.S. parent company. Mavrogenes was formed on January 1, 20X1, when the parent invested C$40 million and Mavrogenes issued 100 shares...
-
If the wind becomes strong enough, it is "impossible" to paddle a canoe into the wind. Estimate the wind speed at which this will happen. List all assumptions and show all calculations.
-
Colton Furniture Co. is a small but fast-growing manufacturer of living room furniture. Its two principal products are end tables and sofas. The flow diagram for the manufacturing at Colton follows....
-
Consider a S corporation. The corporation earns $2.5 per share before taxes. The corporate tax rate is 35%, the tax rate on dividend income is 20%, and the personal income tax rate is set at 20%....
-
The financial statements of Jewel Ltd and its subsidiary Opal Ltd are shown below: Income Statement and Partial Statement of Changes in Equity For the Year Ended 31 December 20x2 Sales Operating...
-
Lynx Corp. manufactures windows and doors. Lynx has been using a standard cost system that bases cost and quantity standards on Lynxs historical long- run average performance. Suppose Lynxs...
-
Explain the difference between capital assets, capital investments, and capital budgeting.
-
Consider the relation of as shown below, which shows the result of the query ?Find the names of all customers who have a loan at the bank.? Rewrite the query to include not only the name, but also...
-
Write, compile, and simulate a VHDL description for the state machine diagram shown in Figure 6-38. Use a simulation input that passes through all paths in the state machine diagram, and include both...
-
We plan to remove about 90% of the A present in a gas stream by absorption in water which contains reactant B. Chemicals A and B react in the liquid as follows: B has a negligible vapor pressure,...
-
If the loop exits after executing only two iterations, draw a pipeline diagram for your MIPS code from 4.28.1 executed on a 2-issue processor shown in Figure 4.69. Assume the processor has perfect...
-
Using the references from Exercise 5.3, what is the miss rate for a fully associative cache with two-word blocks and a total size of 8 words, using LRU replacement? What is the miss rate using MRU...
-
At high pressure CO 2 is absorbed into a solution of NaOH in a packed column. The reaction is as follows: Find the rate of absorption, the controlling resistance, and what is happening in the liquid...
-
Western Motors, a large automotive dealership was in danger of losing their coveted Premiere Service award based on customer ratings. Loss of the award would affect many aspects of the dealership...
-
What recommendations would you make to Big Four firms to help them (1) avoid confrontations with governmental officials in an authoritarian society and (2) deal effectively with such confrontations...
-
Draw a diagram showing the developmental steps of one of the projects you recently designed. Which development model did you follow (waterfall, spiral, etc.)?
-
What is a corporation?
-
Wilson, Turner, and White decide to form a T-shirt design partnership. Amber Wilson figures this T-shirt design business will help her other company, Canyon Canoe Company, with any T-shirt design...
-
Dannys Hamburgers issued 6%, 10-year bonds payable at 90 on December 31, 2024. At December 31, 2026, Danny reported the bonds payable as follows: Dannys pays semiannual interest each June 30 and...
-
Assume we are using MergeSort on comparable Students who are compared with respect to their gpa. Assume we have an array of 8 students: [{name:"Ali", gpa:2.9}, {name:"Aye", gpa:3.1}, {name:"Sevil",...
-
Consider a two-input neuron that multiplies its two inputs x1 and x2 to obtain the output 'o'. Let L be the loss function that is computed at 'o'. Suppose that if the values of 044 = 5, x1 = 2, and...
-
The classification problem with four classes of input vector are Class 1: {p = [1], P2 = [2]}, Class 2: {p3 = [21],P4 = []}, Class 3: {ps = [2], P6 = []}, Class 4: {p7 = [1], P = [2]} Design a...
Study smarter with the SolutionInn App