Who is generally responsible for the materials price variance? The materials quantity variance? The labor efficiency variance?
Question:
Who is generally responsible for the materials price variance? The materials quantity variance? The labor efficiency variance?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 53% (15 reviews)
The materials price variance is usually t...View the full answer
Answered By
Jinah Patricia Padilla
Had an experience as an external auditor in Ernst & Young Philippines and currently a Corporate Accountant in a consultancy company providing manpower to a 5-star hotel in Makati, Philippines, Makati Diamond Residences
5.00+
120+ Reviews
150+ Question Solved
Related Book For
Managerial Accounting
ISBN: 978-0697789938
13th Edition
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
Question Posted:
Students also viewed these Managerial Accounting questions
-
In an organization, who is generally responsible for the financial statements, and how can those responsible help to deter financial statement fraud?
-
The materials price variance can be computed at what two different points in time? Which point is better? Why?
-
Define a passive portfolio construction strategy and briefly discuss how reasonable it might be for an investor to pursue a passive strategy. Explain the role of risk aversion in the construction of...
-
What statistic is used to estimate a. The y-intercept of the population regression line? b. The slope of the population regression line? c. The common conditional standard deviation, , of the...
-
Find a virtual plant tour on the Internet and describe the production system according to the criteria in Table 7.1. PRODUCT LAYOUT PROCESS LAYOUT 1. Description Sequential arrangement of activities...
-
Use the NBA PER data introduced in Problem 8.21 and consider the model found in part $\mathrm{c}$ of that problem. There are some potential outliers in the data (the first observation is an obvious...
-
TeleTech Corporation manufactures two different fax machines for the business market. Cost estimates for the two models for the current year are as follows: The firms management expects to operate at...
-
8. Provide reasons why each of the following is not an inner product on the given vector spaces. (a) ((a, b), (c, d)) = = ac - bd on R. (b) (A, B)=tr(A + B) on M2x2(R). (c) (f(x), g(x)) = f f'(t)g(t)...
-
Last year, Mr. Smith was involved in an automobile accident, severely injuring his legs. As part of a long-term rehabilitation process, his physician prescribes a daily routine of swimming. Because...
-
Why are separate price and quantity variances computed?
-
If the materials price variance is favorable but the materials quantity variance is unfavorable, what might this indicate?
-
Match the following terms with their definitions: ___ A. Extraordinary care ___ B. Inter vivos gift ___ C. Ordinary care ___ D. Gift causa mortis ___ E. Slight care 1. Cannot be revoked 2. Required...
-
A sample of an unknown compound is vaporized at 100. C. The gas produced has a volume of 1630. mL at a pressure of 1.00 atm, and it weighs 1.81 g. Assuming the gas behaves as an ideal gas under these...
-
Calculate the mass of chloroform ( CHCI 3 , an organic solvent ) that contains 2 . 3 6 x 1 0 ^ 1 5 molecules of chloroform
-
When 2 . 0 mole of acetic acid is diluted with water to a volume of 1 L , a small percentage of the acid ionizes to form acetate ion and hydroniun ion. CH 3 CO 2 H ( aq ) + H 2 O ( l ) = CH 3 CO 2...
-
At a fixed temperature, equal moles of N2 (g) and H2 (g) are mixed in a constant pressure container (the volume of the container changes in order to keep the pressure at a constant value). The N2 (g)...
-
Scientists think that someday, embryonic stem cells will become the basis for what's called regenerative medicine. The idea behind regenerative medicine is to take these "universal" cells and...
-
An act of willful or malicious burning of anothers property. a. arson b. bribery c. burglary d. extortion e. felony f. forgery g. misdemeanor h. perjury i. robbery j. white-collar crime
-
Why can wastewater treatment requirements in Hawaii be less stringent than those in most locations on the U.S. mainland?
-
Who teaches ClassID 21, Combination? a. Maria DAngelo b. Robert Sisto c. Michael Nguyen d. Megan Kobinski Instructors InstructoriD InstructorLastName InstructorFirstName InstructorStreetAddress...
-
1. When production capacity is constrained, determine what products to make by ranking them in order of their contribution per unit. Do you agree with this statement? Explain. 2. What are the three...
-
What two important sub processes does managing innovation include?
-
Why are both financial and nonfinancial measures necessary to manage a companys strategy?
-
China's giant property developer Country Garden has been declared in default on its debt after failing to make a bond repayment by a final deadline of October 18. A panel of global banks and...
-
Write a classification essay in 3 rd person that you can describe clearly and cleverly. Have a clear thesis in the introduction that clearly list their classification categories.
-
Why college are important?
Study smarter with the SolutionInn App