Question: When would a variance be labeled as unfavorable? ?A. When standard costs are more than actual costs ?B. When expected sales are more than actual

When would a variance be labeled as unfavorable? ?A. When standard costs are more than actual costs ?B. When expected sales are more than actual sales ?C. When actual sales are equal to expected sales ??D. None of these

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!

13. when would a variance be labeled as unfavorable? a. when standard cots are more than actual costs b. when expected sales are more than actual sales c. None of these d. When actual sales are equal...

When would a variance be labeled as favorable? A When standard costs are less than actual costs B When estimated costs are greater than actual costs C When standard costs are equal to actual costs D...

Reed Corp. has set the following standard direct materials and direct labor costs per unit for the product it manufactures. Direct materials (16 lbs. @ $5 per lb.) $80 Direct labor (4 hrs. @ $15 per...

Exercise 08-11 Direct materials and direct labor variances LO P3 Hutto Corp. has set the following standard direct materials and direct labor costs per unit for the product it manufactures. Direct...

True or False 17. Operating and financial budgets are an integrated part of the master budget process for a period of time. 18 In preparing an operating budget, generally the sales budget begins the...

Presented below are definitions of certain terms. Select the appropriate term from the dropdown list. Fixed budget Standard costs The difference between actual and budgeted sales or cost caused by...

True or False _ F __ Absorption costing is used for internal use in decision making and is sometimes called direct costing. _ T _ Manufacturing margin is the excess of variable selling and...

True or false 7. Market analysis determines the profit contributed by market segments of a company and can be analyzed using sales, cost and expenses....... 18. in preparing an operating budget,...

1) A budget prepared at a single volume of activity is referred to as a: A) Strategic budget. B) Standard budget. C) Static budget. D) Flexible budget. Answer: ___________ 2) Select the incorrect...

When an object is thrown straight up into the air, Newton's Second Law of Motion states that its height s (t) at time t is given by S(t) = s0 + v0t + 1/2gt2 where v0 is its initial velocity and g is...

Describe your role as an education support worker in supporting student health, safety and wellbeing. You may do this in one general statement or address each aspect separately. - Include one example...

"Cash from sales of property, plant and equipment is considered" an operating activity on the cash flow statement an investing activity on the cash flow statement a financing activity on the cash...

The value stream mapping is a lean tool that would help to , Group of answer choices Develop a map of current, future states and enables lead time calculation Identify the bottlenecks beyond the...

=+What kind of tactics (specific ad/promotional techniques) do you want to use? For example, do you want to use viral marketing,

=+What is the big message you want them to know?

=+What do they (audience members) currently think?