Variances are not an end in themselves. In the light of the above statement, explain briefly what
Question:
“Variances are not an end in themselves.” In the light of the above statement, explain briefly what you understand by variances control and responsibility?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 0% (1 review)
Answered By
OTIENO OBADO
I have a vast experience in teaching, mentoring and tutoring. I handle student concerns diligently and my academic background is undeniably aesthetic
4.30+
3+ Reviews
10+ Question Solved
Related Book For
Management Accounting Text Problems And Cases
ISBN: 9781259026683
6th Edition
Authors: M Y Khan, P K Jain
Question Posted:
Students also viewed these Business questions
-
In common with the rest of the National Health Service, Freeshire Hospital Trust is having to cope with considerable constraints on resources. To address this, a new accountant was appointed two...
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
Explain the meaning of the terms emoluments, employments and office for the purposes of PAYE as you earn systems. 2. Explain the actual receipts basis of assessing the emoluments from the employment...
-
Tabulate the function f(x) = sin x for x = 0.0(0.2)1.6. From this table estimate, by linear interpolation, the value of sin 1.23. Construct a table equivalent to Figure 2.102, and so estimate the...
-
Shell's commitment to the success of its foreign assignments is demonstrated by its efforts to uncover expatriate concerns. Discuss the results of Shell's survey to its present and past expatriates...
-
Although the Superannuation retirement program in Australia uses a defined contribution retirement plan design, retirement benefits in many countries base their retirement system on a defined benefit...
-
Fantastic Sams and Defendants PSTEVO, LLC and Jeremy Baker entered into a franchise agreement pursuant to which Fantastic Sams granted PSTEVO a franchise to operate a Fantastic Sams Salon. According...
-
(Transaction AnalysisService Company) Beverly Crusher is a licensed CPA. During the first month of operations of her business (a sole proprietorship), the following events and transactions occurred....
-
Hybrid agreements (also called wait-and-see agreements), which usually allow the issuer first priority to buy the interest and other stockholders or partners the second-place option to buy. Such...
-
Comment on the following statements: 1. Variances should not be viewed in isolation. 2. Profit reconciliation statement is an important statement from the point of view of management. 3. Management...
-
Describe the procedure of determining sales and profit variances. Are they similar in certain respects?
-
What is a multiple-step income statement? What information does it provide beyond "bottom-line" net income?
-
With effective resource planning organizations can reduce inventory and service costs, improve efficiencies, and establish methods for continuous improvement. Depending upon the type of resource,...
-
Why does fringe benefits need to be tracked separately? It seems that it ends up being part of direct costs anyway. What is gained by tracking fringe benefits for a government contract?
-
1. (10 points) Consider sending a large file of size 8MB from source to destination. Assume there are two packet switches between a source host and a destination host. The bandwidth of each link is...
-
The following is a December 31, 2018, post-closing trial balance for Culver City Lighting, Inc. Account Title Debits Credits Cash $ 64,000 Accounts receivable 48,000 Inventories 54,000 Prepaid...
-
I want you to arrange the code better and use a short and understandable comment. Use a style code to make the code more organized and understandable package Checkpoint; /** * A class to implement a...
-
Determine the distance traveled by the spacecraft of Prob. 14.99 during the rocket engine firing, knowing that its initial speed was 7500 ft/s and the duration of the firing was 60s.
-
on 8 For the following set of lengths 130, 170, 160, 160, 150, 190 Third quartile is: et red d out of Select one: O a. 160 a question O b. 145 O c. 175 O d. 180
-
Compare and contrast the job attitudes discussed in this chapter.
-
How can managers increase job satisfaction and what are the organizational consequences when there are high or low levels of job satisfaction?
-
List and describe the four employee responses to dissatisfaction.
-
Overview Using the SEC 10-K for your company, answer the following questions. Do not cut and paste from your company SEC report. Notice line items, if they appear, for Right of Use Assets and Lease...
-
When ASIC says Costs need to be considered, what does this mean?
-
The accountant for Smith, Jones & Webb LLP prepared the following balance sheet immediately prior to liquidation of the partnership: During May 2005, noncash assets with a carrying amount of $105,000...
Study smarter with the SolutionInn App