Question: lanagement recently instituted a new training program for upper - level managers. They budgeted the cost of the new program at $ 1 , 0

lanagement recently instituted a new training program for upper-level managers. They budgeted the cost of the new program at $1,000 per employee
ined, but actual costs were $1,250 per employee trained. The difference between the budgeted cost for training and the actual cost of training is
lled a:
Multiple Choice
Period cost.
Variance.
Loss.
Controllable cost.
lanagement recently instituted a new training

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

Management recently instituted a new training program for upper-level managers. They budgeted the cost of the new program at $1,000 per employee trained, but actual costs were $1,250 per employee...

Q:

Jacob is a department manager who recently instituted a new recognition program for his employees. He budgeted the cost of the new program at $ 1 0 per employee, but actual costs were $ 1 5 per...

Q:

Jacob is a department manager who recently instituted a new recognition program for his employees. He budgeted the cost of the new program at $10 per employee, but actual costs were $15 per employee....

Q:

Jacob is a department manager who recently instituted a new recognition program for his employees. He budgeted the cost of the new program at $ 1 0 per employee, but actual costs were $ 1 5 per...

Q:

Jacob is a department manager who recently instituted a new recognition program for his employees. He budgeted the cost of the new program at $ 1 0 per employee, but actual costs were kinds of cost ?...

Q:

This assignment is very urgent! Be as Accurate as possible providing explanations to each answer. Chapter 1 1.Managerial Accounting and Financial Accounting differ in the following way: A. Financial...

Q:

Assignment Instructions Step 1 : Read Scenario Imagine you are the CEO of a medium - sized company with 1 , 6 0 0 employees in 8 locations in the United States, Mexico, and Canada. Recently, the T \...

Q:

MULTIPLE CHOICE: 1. Using the balanced scorecard approach, an organization evaluates managerial performance based on: a. A single ultimate measure of operating results, such as residual income. b....

Q:

E 3 Read the case and answer the 3 case questions accordingly. Prepare your assignment and upload it to the folder named Assignment III under Week 10. Save the name of your file as your student...

Q:

APPLYING YOUR KNOWLEDGE An In-Basket and an LGD for Selecting Managers There are several means by which an organization can attempt to determine the right choices in the managerial selection process....

Q:

Write the hypothesis(Geometric and AXIOM Systems). [7] Prove that a line cannot be contained in the interior of a triangle. The interior of a triangle is defined to be the intersection of the...

Q:

What were the findings of the AICPAs Special Committee on Assurance Services?

Q:

Find an audit report where 2 0 % or more of the audit work is performed by component auditors

Q:

Determine the major differences between U.S. GAAP and IFRS disclosure reporting requirements related to each separately reportable operating segment. Next, give your opinion as to whether either U.S....