Price variances should be computed even if prices are regarded as being outside of company control. Do
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 68% (22 reviews)
Price variances separate out the effects of deviations of actual price from the standard pri...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
Introduction to Management Accounting
ISBN: 978-0133058789
16th edition
Authors: Charles Horngren, Gary Sundem, Jeff Schatzberg, Dave Burgsta
Question Posted:
Students also viewed these Managerial Accounting questions
-
Do you agree with this statement: As price goes up, demand goes down? Explain your answer.
-
Should you write a business plan even if you do not need outside financing? Why or why not?
-
Do you agree with the argument that rent control is a bad thing? Why or why not?
-
Consider the 70 households that purchased a DVD player, 48 households are satisfied with their purchase and 22 households are dissatisfied. Suppose two households are randomly selected from the...
-
Suppose that in April a monopolist handed out a coupon to every consumer offering a discount of T dollars off of the purchase price of its product during the month of May. What effect will those...
-
A 4.50-kg block of ice at 0.00C falls into the ocean and melts. The average temperature of the ocean is 3.50C, including all the deep water. By how much does the melting of this ice change the...
-
Find the z-score that has 88.9% of the distributions area to its right. Find the indicated z-score.
-
The manufacturing division manager of Davison Enterprises has submitted the following production forecast (in units) for each quarter of the next fiscal year. The plant produces seats for...
-
You attach a meter stick to an oak tree, such that the top of the meter stick is 2.27 meters above the ground. Later, an acorn falls from somewhere higher up in the tree. If the acorn takes 0.236...
-
On 1 January 20X4, Dart Incorporated commenced business operations. The following information is available to you: 20X6 $45, 000 20X4 20X5 20X7 $ (300, 000) Earnings (loss) before tax Tax rate...
-
Managers should be rewarded for favorable variances and punished for unfavorable variances. Do you agree? Explain.
-
A division budgeted an operating profit of $3,000 on sales of $8,000 and costs of $5,000. However, at the beginning of the period one of the divisions machines broke down and could not be fixed until...
-
Two firms compete in the breakfast cereal industry producing Rice Krinkles and Wheat Krinkles cereal, respectively. Each manufacturer must decide whether to promote its product with a large or small...
-
On its January 1, 2016, balance sheet, Calvin Company reported equipment of $60,000 and accumulated depreciation of $20,000. During 2016, Calvin sold equipment with an original cost of $5,000....
-
What is the APR of a 30-year, $300,000 mortgage with monthly payments of $2000? Enter as a percent. Round to the nearest one-hundredth of a percent. (Do not include the percent sign, %).
-
a. What factors should Ling consider in setting performance materiality for the asset accounts? b. Explain why Ling set performance materiality for cash at the lowest amount. c. Explain why Ling set...
-
Use Monte Carlo to estimate the integral 0 = (32 (3x - 2x-10)dx. Perform this calculation m = 1000 times each for Monte Carlo sample sizes of n = 1000, n 10,000, and n 100,000. For each n, plot a...
-
You and your fellow students have written an extensive paper for an English class, each writing a separate and largely independent section, like a chapter, providing your analysis of preexisting...
-
Calculate the mole fraction of the solute in the following aqueous solutions: (a) 0.112 M C 6 H 12 O 6 (d = 1.006 g/mL); (b) 3.20% ethanol, by volume (d = 0.993 g/mL; pure CH 3 CH 2 OH, d = 0.789...
-
By referring to Figure 13.18, determine the mass of each of the following salts required to form a saturated solution in 250 g of water at 30 oC: (a) KClO3, (b) Pb(NO3)2, (c) Ce2(SO4)3.
-
What are the principles of constructionist learning?
-
The model for making tactical decisions described in the text has six steps. These steps are listed, out of order, below. Required: Put the steps in the correct order, starting with the step that...
-
Austin Porter is a sophomore at a small Midwestern university (SMWU). He is considering whether to continue at this university or to transfer to one with a nationally recognized engineering program....
-
Austin Porter is a sophomore at a small Midwestern university (SMWU). He is considering whether to continue at this university or to transfer to one with a nationally recognized engineering program....
-
Mary was so excited about the holiday shopping season that she could hardly wait for the Black Friday sales. She got up early and spent all day at her favorite store, Mega Deals, shopping. Mary was...
-
This can be done as a group or individually. If done in a group, all group members must submit a copy of this assignment to receive a grade. If you were to open a business, what type of business...
-
6.(5pts) A total charge Q is distributed uniformly over a ring of radius R. We found an expression for the value of the electric field on the axis of the ring, E(x), a distance x from the center of...
Study smarter with the SolutionInn App