Why are unfavorable variances recorded by using debit entries and favorable variances recorded by using credit entries?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 84% (13 reviews)
Unfavorable variances are recorded by debit entries because they represent costs in excess ...View the full answer
Answered By
Lilian Nyambura
Hi, am Lilian Nyambura, With extensive experience in the writing industry, I am the best fit for your writing projects. I am currently pursuing a B.A. in Business Administration. With over 5 years of experience, I can comfortably say I am good in article writing, editing and proofreading, academic writing, resumes and cover letters. I have good command over English grammar, English Basic Skills, English Spelling, English Vocabulary, U.S. English Sentence Structure, U.K. or U.S. English Punctuation and other grammar related topics. Let me help you with all your essays, assignments, projects, dissertations, online exams and other related tasks. Quality is my goal.
4.80+
378+ Reviews
750+ Question Solved
Related Book For
Financial and Managerial Accounting the basis for business decisions
ISBN: 978-0078111044
16th edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
Question Posted:
Students also viewed these Managerial Accounting questions
-
"Unfavorable variances will always have debit balances, whereas favorable variances will always have credit balances." Is this statement true or false? Why?
-
Use the following terms to complete the sentences that follow; terms may be used once, more than once, or not at all: Static Purchasing manager Flexible Favorable Volume Unfavorable Spending Debit...
-
Dame row Credit Services produces reports for consumers about their credit ratings. The companys standard contribution margins average 70% of dollar sales, and average selling prices are $50 per...
-
A supplier has the following financial information available: Cash: $100,000 Current Assets: $1,000,000 Fixed Assets: $1,000,000 Total Assets: $2,000,000 Current Liabilities: $500,000 Total...
-
Define a campaign plan, and list the typical components
-
To allow enough distance for cars to pass on two-lane highways, engineers calculate minimum sight distances between curves and hills. The table shows the minimum sight distance y in feet for a car...
-
Problem P3.12 seems to demonstrate that the efficiency of the reheated Rankine cycle gets better as the work distribution between the high pressure (HP) and low pressure (LP) turbines becomes more...
-
A home owner with a large library needs to estimate the purchase cost and replacement value of the book collection for insurance purposes. She has 44 shelves containing books, and selects 12 shelves...
-
Show your work to show how many solutions each equation has (One, none, or infinite). 1) 11 2 + 15 = 8 + 7 + 9 2) 3( 14) + 2 = 4 + 5 3) 12 (8 + 26) = 13 + 4 4) 3 + 32 + 7 = 2(5 + 10) 5) 6 6 = 5...
-
Given a database of the results of an election, find the number of seats won by each party. There are some rules to going about this: There are many constituencies in a state and many candidates who...
-
Who might a plant accountant consult with when establishing direct labor quantity or rate standards?
-
Explain how efficiency and price or rate variances for direct labor can be closely interrelated.
-
Develop an M-file that is expressly designed to locate a maximum with the golden-section search algorithm. In other words, set it up so that it directly finds the maximum rather than finding the...
-
1. Estimate the Pre-Tax Cost of Debt What is the pre-tax cost of debt for your company? Show how you get the number. Use the default spread (default premium) table in this case study and identify...
-
Consider the initial value problem for the function y y' - 2y1/4 = 0, y(0) = 0, t0. (1a) Find a constant y solution of the initial value problem above. y = (1b) Find an implicit expression for all...
-
Two sources of sound operate and two different frequencies, 240 Hz and 243 Hz. How many beats occur in 10 s?
-
The pictures attached contain information about the program that I have. All I need help in is implementing the following: 9. Add (to the Array list) with new student record from a TEXT FILE. In this...
-
Additional Income and Adjustments to Income Question 1 Ellen and her husband were legally divorced in 2017. After the divorce, Ellen retained physical custody of their children. Ellen received the...
-
Why does the add method of a binary search tree need to return the newly added/created node?
-
Bonus shares can be issued out of revenue reserves. True/False?
-
Murphy Co. is a high-end retailer of fine fashions for men. Murphys inventory balance at the beginning of the year is $300,000, and Murphy purchases $600,000 of goods during the year. Its inventory...
-
Murphy Co. is a high-end retailer of fine fashions for men. Murphys inventory balance at the beginning of the year is $300,000, and Murphy purchases $600,000 of goods during the year. Its inventory...
-
Yang & Min Inc. is a retailer of contemporary furniture. You are told that Yang & Mins ending inventory is $200,000 and its cost of goods sold is $500,000. Yang & Min had $100,000 of inventory at the...
-
Project: Design a coherent and complete children's dental health promotion program. You can focus on either one key element of dental health or the full program. Make sure all your materials work...
-
1) h C b 2) S S b = 9.17 mm a = 4.4 mm c = 9.8 mm h = 4.1 mm Area: Perimeter: Type: s = 5.5 yds h = 4.8 yds Area: Perimeter: Type: 5) 4) b a h C S S S h S a = 5.81 cm b = 8.48 cm c = 9.3 cm h = 5.2...
-
Would love some support on this I cannot find all 20 errors! The question: Dear Colleague, Earlier today I built my third website using HTML5. Based on what we had learned in Exercises 1 through 9, I...
Study smarter with the SolutionInn App