What is fixed production overhead variance? Explain how this is calculated and further analysed.
Question:
What is fixed production overhead variance? Explain how this is calculated and further analysed.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 80% (5 reviews)
Fixed Production Overhead Variance also known as Fixed Overhead Variance is a financial metric used in cost accounting and managerial accounting to assess the difference between the budgeted or standa...View the full answer
Answered By
Mark Odhiambo Odero
As a Bachelor of Education graduate from KIbabii University and an assistant lecturer at JKUAT, I have gained extensive experience and developed professional qualities that make me a great candidate for an academic writer at SolutionInn.
Firstly, I have a strong passion for education and tutoring. This passion has motivated me to pursue a career in education and has helped me to become an effective educator. I believe that education is the key to unlocking the potential of individuals, and I am committed to helping students achieve their full potential. My passion for education has also helped me to stay up-to-date with the latest developments in education and teaching methodologies.
Secondly, I possess excellent communication skills. Communication is an essential aspect of education, and as an assistant lecturer, I have developed effective communication skills that have helped me to interact with students, colleagues, and senior lecturers effectively. I am able to communicate complex ideas in a simple and understandable way, and this has helped me to build strong relationships with my students.
Thirdly, I have strong organizational skills. As an assistant lecturer, I am responsible for preparing course materials, grading assignments, and keeping track of student progress. These responsibilities require a high level of organization and attention to detail, and I have developed effective organizational skills that enable me to manage these tasks effectively. These skills will be useful in my role as an academic writer at SolutionInn, where I will be required to manage multiple projects and meet tight deadlines.
Fourthly, I am a self-motivated and proactive individual. I take the initiative to identify problems and find solutions to them, and I am always willing to go the extra mile to ensure that I deliver high-quality work. I am also a fast learner and can adapt to new situations quickly, which is essential in the fast-paced world of academic writing.
Lastly, I possess excellent research skills. As an academic writer, research is an essential aspect of my job, and I have developed effective research skills that enable me to find relevant and reliable information quickly. I am also proficient in using various research tools and software, which will be useful in my role as an academic writer.
In conclusion, my professional qualities make me a suitable candidate for an academic writer at SolutionInn. I am passionate about education, possess excellent communication and organizational skills, am self-motivated and proactive, and have excellent research skills. I believe that these qualities will enable me to deliver high-quality work and help students achieve their academic goals.
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Mark Hancock, Inc., manufactures a specialized surgical instrument called the HAN-20. The firm has grown rapidly in recent years because of the product's low price and high quality. However, sales...
-
Inc., manufactures a specialized surgical instrument called the HAN-20. The firm has grown rapidly in recent years because of the product's low price and high quality. However, sales have declined...
-
Mark Hancock Inc. manufactures a specialized surgical instrument called the HAN-20. The firm has grown rapidly in recent years because of the products low price and high quality. However, sales have...
-
Find the minimum value of the function: f(x) = x^4 - 6x^2 + 9 on the interval [-2,2].
-
Do a key word online search for clothing manufacturers or retailers. Select two companies that make or sell similar clothes and access their websites. Conduct an Internet shopping audit similar to...
-
The third row of a stem-and-leaf chart appears as follows: 21 0 1 3 5 7 9. Assume whole number values. a. What is the possible range of the values in this row? b. How many data values are in this...
-
Find the solution to the following PDE: \[\begin{aligned}& \frac{\partial^{2} u}{\partial t^{2}}=\frac{\partial^{2} u}{\partial x^{2}} \\& u(0, t)=u(\pi, t)=0 \\& u(x, 0)=0 \\& \frac{\partial...
-
In a population, = 100 and x = 25. A sample (N = 150) has X = 102. Using two tails of the sampling distribution and the .05 criterion: (a) What is the critical value? (b) Is this sample in the...
-
Remo Company and Angelo Inc. are separate companies that operate in the same industry. Following are variable costing income statements for the two companies showing their different cost structures:...
-
Calculate the value of CP at 298 K and 1 atm pressure predicted for CH4(g) and C2H4(g) by the classical equipartition theorem. Compare the predicted results with the experimental results and...
-
Distinguish between budgetary control and standard costing.
-
Define variance analysis. What are the ways of disposing cost variances?
-
The statement of cash flows provides a list of all the cash inflows and cash outflows during the reporting period. To make the list more informative, the cash flows are classified according to the...
-
When you retire you would like to have saved enough to draw out cash each year starting on your 65th birthday. Today is your 20th birthday. The first withdrawal will be $50,000 and each withdrawal...
-
Phosphoric acid is used widely in fertilizers and is used in certain types of pop to make them more tart. It is a triprotic acid with a chemical formula H3PO4(aq). Estimate the pH and the...
-
The competitor landscape refers to comparable investments for Beauty Boots Inc. (BB Inc.). Lammle's Boot and Canada Boot Apparel both have EV/FCF Ratios of 12.55 and 23.12, respectively. BB Inc....
-
Last month you entered a long forward position in 200 shares of a stock-index ETF with a delivery price of $105 per share. There are three months remaining until delivery. The current value of the...
-
ABC Corporation is projected to earn $206.8 million next year, 14.0 million shares outstnding. The firm is planning to buy DEF Corp for 200 million in cash. ABC will borrow this 200 million at an...
-
The given expression is used to compute a measure of the variation (variance) of three IQ scores. (96 100)(106 100)2 + (98 100)2 3 1
-
Smiths Family Fashions implemented a balanced scorecard performance measurement system several years ago. Smiths is a locally owned clothing retailer with fashions for men, women, teens, and...
-
Economic order quantity, effect of parameter changes (continuation of 20-16). Athletic Textiles (AT) manufactures the Galaxy jerseys that Fan Base (FB) sells to its customers. AT has recently...
-
EOQ for a retailer. The Cloth Center sells fabrics to a wide range of industrial and consumer users. One of the products it carries is denim cloth, used in the manufacture of jeans and carrying bags....
-
EOQ for manufacturer. Lakeland Company, which produces lawn mowers, purchases 18,000 units of a rotor blade part each year at a cost of $60 per unit Lakeland requires a 15% annual rate of return on...
-
The following Trial Balance was extracted from the Books of Natasha, a Sole trader, as at 31 December 2020. Capital Furniture and Fittings Purchases Sales Stock 1 January 2020 Debtors Creditors...
-
The Assembly Department of the Long-Distance Golf Club Super Driver Company, has the following production and cost data at the end of March, 2021. Production: 21,800 units started into production;...
-
Sheffield Company estimates that unit sales will be 13,000 in quarter 1, 18,200 in quarter 2, 19,500 in quarter 3, and 23,400 in quarter 4. Using a unit selling price of $68 per unit. Prepare the...
Study smarter with the SolutionInn App