Who is normally responsible for a materials price variance? Identify two factors that may be beyond this
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 61% (13 reviews)
The companys purchasing agent is normally held responsible for price ...View the full answer
Answered By
Ali Khawaja
my expertise are as follows: financial accounting : - journal entries - financial statements including balance sheet, profit & loss account, cash flow statement & statement of changes in equity -consolidated statement of financial position. -ratio analysis -depreciation methods -accounting concepts -understanding and application of all international financial reporting standards (ifrs) -international accounting standards (ias) -etc business analysis : -business strategy -strategic choices -business processes -e-business -e-marketing -project management -finance -hrm financial management : -project appraisal -capital budgeting -net present value (npv) -internal rate of return (irr) -net present value(npv) -payback period -strategic position -strategic choices -information technology -project management -finance -human resource management auditing: -internal audit -external audit -substantive procedures -analytic procedures -designing and assessment of internal controls -developing the flow charts & data flow diagrams -audit reports -engagement letter -materiality economics: -micro -macro -game theory -econometric -mathematical application in economics -empirical macroeconomics -international trade -international political economy -monetary theory and policy -public economics ,business law, and all regarding commerce
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Fundamental Managerial Accounting Concepts
ISBN: 978-0078110894
6th Edition
Authors: Edmonds, Tsay, olds
Question Posted:
Students also viewed these Managerial Accounting questions
-
Who is normally responsible for the authorization of investment activities? Why is the authorization normally performed at this level?
-
Identify two factors that limit the effectiveness of ratio analysis.
-
Identify two factors that influence pricing decisions.
-
Consider the generalized externality problem. Assume the damage and cost functions are given by: (a) Determine the non-regulated level of E if the polluter has the right to pollute. (b) Determine the...
-
On November 1, 2017, the account balances of Samone Equipment Repair, Ltd. were as follows. During November, the following summary transactions were completed. Nov. 8 Paid HK$15,000 for salaries due...
-
When does a project close? a. When a project is canceled b. When a project runs out of money c. When a project is successfully completed d. All the above are correct answers
-
Arm Circumference From Data Set 1 in Appendix B we see that a female had an arm circumference of 27.5 cm. Determine whether the given values are from a discrete or continuous data set. Data Set 1:...
-
At Home Publications Inc. is considering two new magazine products. The estimated net cash flows from each product are as follows: Each product requires an investment of $270,000. A rate of 10% has...
-
(c) A financial company allows its clients to transfer money between accounts in the company using messages that consist of three parts, M = M. M2. M. where M specifies the number of the account,...
-
Translate into dollars the balance sheet of Colorado Leather Goods Spanish subsidiary. When Colorado Leather Goods acquired the foreign subsidiary, a euro was worth $1.02. The current exchange rate...
-
What two factors affect the total materials and labor variances?
-
John Jamail says that he doesnt understand why companies have labor price variances because most union contracts or other binding agreements set wage rates that do not normally change in the short...
-
For the duct system of Prob. 1451, plot required fan head H required (mm of water column) as a function of volume flow rate V(Lpm). On the same plot, compare available fan head H available versus V,...
-
Suppose you walk 14 m in a direction exactly 25 south of west then you walk 19.5 m in a direction exactly 37 west of north. a) How far are you from your starting point in m? b) What is the angle of...
-
1. Below are the historical arithmetic average returns and standard deviations for different asset classes. Asset class Mean return Standard deviation T-bills 0.035 0.031 Corporate bonds 0.063 0.084...
-
You invest RM1,500 at a variable rate of interest. Initially the rate is 4% compounded annually for the first year, and the rate increases one-half of one percent annually for five years (year two's...
-
Given the following price-demand and cost functions for a product: p(x)= 100.001x C(x) = 5000 + 2x a) Determine the revenue and profit functions. b) Using calculus determine how many products should...
-
If the next dividend to be paid D 1 is $1.31, the constant dividend growth rate g is 3.8%, and the current price P 0 is $27.01, what is the stock's expected total return (r s ) for the coming year?...
-
Trading online increasingly involves developing multichannel strategies. Give three examples of potential channel conflicts that might arise from using the Internet. Illustrate your answer with...
-
A line l passes through the points with coordinates (0, 5) and (6, 7). a. Find the gradient of the line. b. Find an equation of the line in the form ax + by + c = 0.
-
If retained profit for the year is 30,000, securities premium received during the year is 20,000 and revaluation profit is 15,000, then what will be the amount of clean surplus and dirty surplus?...
-
Stillwater Designs produces two automotive subwoofers: S12L7 and S12L5. Projected sales (number of speakers) for the coming five quarters are as follows: The vice president of sales believes that the...
-
Seafood Inc. produces shrimp in cans. The sales budget for the first four months of the year is as follows: Company policy requires that ending inventories for each month be 35 percent of next...
-
Jimison Inc. produces spiral-bound notebooks. The unit sales for the first four months of the year for this product is as follows: Unit Sales January ....150,000 February ..200,000 March ...220,000...
-
Determining Possible Side Lengths Mr. Anderson is building a triangular-shaped roof for his shed. The triangle must be isosceles with its base (noncongruent ) side measuring 14 feet.
-
In 1981, the Australian humpback whale population was 350 and has increases at a rate of about 14% each year since then. Write a function to model population growth. What was the population in 2001?
-
speed of 35 mph set to head due west encounters a wind blowing 15 mph due south. What is the approximate resulting speed of the boat?
Study smarter with the SolutionInn App