Fixed overhead volume variances arise with normal absorption and standard-absorption costing, but not with actual costing. Explain.
Question:
"Fixed overhead volume variances arise with normal absorption and standard-absorption costing, but not with actual costing." Explain.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 76% (13 reviews)
Fixed overhead volume variances arise because fixed ma...View the full answer
Answered By
Aysha Ali
my name is ayesha ali. i have done my matriculation in science topics with a+ . then i got admission in the field of computer science and technology in punjab college, lahore. i have passed my final examination of college with a+ also. after that, i got admission in the biggest university of pakistan which is university of the punjab. i am studying business and information technology in my university. i always stand first in my class. i am very brilliant client. my experts always appreciate my work. my projects are very popular in my university because i always complete my work with extreme devotion. i have a great knowledge about all major science topics. science topics always remain my favorite topics. i am also a home expert. i teach many clients at my home ranging from pre-school level to university level. my clients always show excellent result. i am expert in writing essays, reports, speeches, researches and all type of projects. i also have a vast knowledge about business, marketing, cost accounting and finance. i am also expert in making presentations on powerpoint and microsoft word. if you need any sort of help in any topic, please dont hesitate to consult with me. i will provide you the best work at a very reasonable price. i am quality oriented and i have 5 year experience in the following field.
matriculation in science topics; inter in computer science; bachelors in business and information technology
_embed src=http://www.clocklink.com/clocks/0018-orange.swf?timezone=usa_albany& width=200 height=200 wmode=transparent type=application/x-shockwave-flash_
4.40+
11+ Reviews
14+ Question Solved
Related Book For
Management Accounting
ISBN: 978-0132570848
6th Canadian edition
Authors: Charles T. Horngren, Gary L. Sundem, William O. Stratton, Phillip Beaulieu
Question Posted:
Students also viewed these Business questions
-
Rob Kapito, the controller of Blackstar Paint Supply Company, has been exploring a variety of internal accounting systems. Rob hopes to get the input of Blackstars board of directors in choosing one....
-
Rob Kapito, the controller of Blackstar Paint Supply Company, has been exploring a variety of internal accounting systems. Rob hopes to get the input of Blackstar's board of directors in choosing...
-
Tavera Company uses a standard cost system. The direct labor standard indicates that six direct labor hours should be used for every unit produced. Tavera produces one product. The normal production...
-
Patients who undergo chronic hemodialysis often experience severe anxiety. Videotapes of progressive relaxation exercises were shown to one group of patients and neutral videotapes to another group....
-
A long straight wire carries a 4.70-A current in the positive x -direction. At a particular instant, an electron moving at 1.00 Ã 107 m/s in the positive y -direction is 0.120 m from the wire....
-
What is a potential function? Show by example how to find a potential function for a conservative field.
-
Have you ever read in the newspapers about the types of people who engage in company misdeeds?
-
Manufacturing cost for one accounting cycle The following trial balance was taken from the records of Wheaton Manufacturing Company at the beginning of 2012. Transactions for the Accounting Period 1....
-
A bank in Toronto charges 2.2% commission to buy and sell currencies. Assume that the current exchange rate is US$1 = C$1.1153. a. How many Canadian dollars will you have to pay to purchase US$4,500?...
-
The Philbrick Company has two plants on opposite sides of the United States. Each of these plants produces the same two products and then sells them to wholesalers within its half of the country. The...
-
"An unfavourable fixed overhead volume variance means that fixed manufacturing costs have not been well controlled. ?Do you agree" Explain.
-
Overhead variances arise only with absorption-costing systems." Do you agree?
-
Air flows through a nozzle in an isentropic manner from p = 400 kPa, T = 25oC at the inlet to p = 100 KPa at the exit. Determine the temperature at the exit (T2), modeling air as a perfect gas.
-
Mark has lived in Australia for around 10 years. He obtained permanent residence on the basis of a relationship with his former partner who sponsored him for a combined Partner (subclass 820/801)...
-
Let f(x) = 100x-5x - 6. Find the maximum value of f to four decimal places graphically. The maximum value of fis
-
Peterson Home Centers is in the process of a market analysis. The latest reports about the project show that it is difficult for many consumers in their target market to obtain home improvement...
-
1 Find the area between y=x and y=x from x = 0 to x = - 3 3 The area is (Simplify your answer.) ...
-
Use the telescoping method to determine whether the series converges or diverges: OKI 10 2 /2n +1 (b) Test for the convergence of each series: (1) (3+1)" 2 2n +3 (ii) 2"-n sinn no +5
-
Neglecting friction, determine the tension in cable ABD and the reaction at C when = 45. 90 2a
-
Drainee purchases direct materials each month. Its payment history shows that 65% is paid in the month of purchase with the remaining balance paid the month after purchase. Prepare a cash payment...
-
Bountiful Manufacturing produces two types of bike frames (Frame X and Frame Y). Frame X passes through four processes: cutting, welding, polishing, and painting. Frame Y uses three of the same...
-
The following reasons have been offered for holding inventories: a. To balance ordering or setup costs and carrying costs b. To satisfy customer demand (e.g., meet delivery dates) c. To avoid...
-
What does it mean to obtain a competitive advantage? What role does the cost management system play in helping to achieve this goal?
-
The Nelson Company has $1,590,000 in current assets and $530,000 in current liabilities. Its initial inventory level is $390,000, and it will raise funds as additional notes payable and use them to...
-
The Smith's and the Jones are neighbors. They both have a tax rate of 28.5 mills. The Smith's house is assessed at $80,000. The Jones' house is assessed at $67,000. How much more do the Smith's pay...
-
Required information RWP7-1 (Algo) Great Adventures Continuing Case [The following information applies to the questions displayed below.] Tony and Suzie see the need for a rugged all-terrain vehicle...
Study smarter with the SolutionInn App