What does it mean when a variance is favorable? What does it mean when a variance is
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (12 reviews)
A favorable variance means that performance exceeded expectat...View the full answer
Answered By
Hillary Waliaulah
As a tutor, I am that experienced with over 5 years. With this, I am capable of handling a variety of subjects.
5.00+
17+ Reviews
30+ Question Solved
Related Book For
Managerial accounting
ISBN: 978-0471467854
1st edition
Authors: ramji balakrishnan, k. s i varamakrishnan, Geoffrey b. sprin
Question Posted:
Students also viewed these Managerial Accounting questions
-
What is a residual? What does it mean when a residual is positive?
-
What does it mean when a bond is issued at a premium or a discount?
-
What does it mean when a company tries to mitigate their transportation risk? How can they accomplish this?
-
41.(6 pointa) In the following balanced reaction, magnesium metal (Mg) reacts with carbon dioxide gas (CO) o form solid magnesium exide (MgO) and solid carbon (C). How many grams of carbon dioxide...
-
A mixture of methane (CH4) and ethane (C2H6) of mass 13.43 g is completely burned in oxygen. If the total mass of CO2 and H2O produced is 64.84 g, calculate the fraction of CH4 in the mixture.
-
Describe the typology of subcontractors based on the differences in the contractor/subcontractor relationship.
-
Consider the methanol oxidation data in Table B.20. Perform a thorough analysis of these data. What conclusions do you draw from this analysis? x x2 X3 X4 y 0 454 8.8 3.90 1.30 1.1 0 474 8.2 3.68...
-
One reason accounting earnings might not be a realistic measure of economic income is the incentive and ability of business managers to manipulate reported profits for their own benefit. This may be...
-
Harley-Davidson, inc. (HOG), is a leading motorcycle manufacturer in the United States. The company manufactures and sells a number of different types of motorcycles, a complete line of motorcycle...
-
Steven owns and runs a store called Zodiac General Dealer. He allows goods to be sold on credit. Zodiac's year-end is 28 February. Steven went over all information pertaining to debtors to find out...
-
Florida Cruises operates a fleet of glass bottom boats that give tours of the coral reefs off Key West, Florida. Since its inception, the firm has fetched its owner a healthy return on investment....
-
What is the flexible budget variance? What three subsidiary variances make up the flexible budget variance?
-
In Problems 6584, solve each equation. 3* = 81
-
O Macmillan Learning A charge+q is located at 6.000 cm, a second charge -2q is located at 16.00 cm, and a third charge +q is located at 22.00 cm. The magnitude of q is 2.850 C. 0 +9 10.00 Question...
-
Two charges, +9 C and +17 C, are fixed 1 m apart, with the second one to the right. Find the magnitude and direction of the net force (in N) on a -7 nC charge when placed at the following locations....
-
28. Compute the focal length of biconcave thin lens depicted in figure, assuming it to be made of fluorite (n =1.43) immersed in carbon disulfide (n = 1.63). 7 10 cm 20 cm C2
-
17.) The graph shows the magnetic field as a function of time through a closed conducting loop. During which interval is the magnitude of the induced current in the loop the greatest? (E) E 30000 B A...
-
How fast will a point at the top of the rim of the tire (diameter = 68 cm) be moving after 3.0 s? [Hint: At any moment, the lowest point on the tire is in contact with the ground and is at rest-see...
-
Compute the dot product. (1,-1, 1) (-2, 4, -6)
-
The maximum pressure that can be developed for a certain fluid power cylinder is 15.0 MPa. Compute the required diameter for the piston if the cylinder must exert a force of 30 kN.
-
An article on zdnet.com reported on the findings of engineers at IHS Markit in an investigation of the cost of the components used to produce the A1865 version of the iPhone X with 64GB of internal...
-
Rotorua Products, Ltd., of New Zealand markets agricultural products for the burgeoning Asian consumer market. The companys current assets, current liabilities, and sales have been reported as...
-
Selected financial data from the June 30 year-end statements of Safford Company are given Total assets at the beginning of the year were $3,000,000; total stockholders equity was $2,200,000. There...
-
Selected financial data from the June 30 year-end statements of Safford Company are given Total assets at the beginning of the year were $3,000,000; total stockholders equity was $2,200,000. There...
-
Give an example of one piece of financial information that may be used differently for two stakeholders (users) and explain how it would be used and presented differently?
-
Complete common -size statements (balance sheets) using the data below on page 246. You will be required to create a spreadsheet in MS Excel to display the statements (balance sheets).? In a 1 to 2...
-
A sail boat in the Great South Bay travels 2 miles east and then 4 miles south to get to Fire Island. What is its distance and displacement?
Study smarter with the SolutionInn App