Give two reasons why dividing production cost variances into price and efficiency variances is useful for management
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 58% (12 reviews)
The action that management can take in response to price variances is probably quit...View the full answer
Answered By
Khurram shahzad
I am an experienced tutor and have more than 7 years’ experience in the field of tutoring. My areas of expertise are Technology, statistics tasks I also tutor in Social Sciences, Humanities, Marketing, Project Management, Geology, Earth Sciences, Life Sciences, Computer Sciences, Physics, Psychology, Law Engineering, Media Studies, IR and many others.
I have been writing blogs, Tech news article, and listicles for American and UK based websites.
4.90+
5+ Reviews
17+ Question Solved
Related Book For
Fundamentals of Cost Accounting
ISBN: 978-0077398194
3rd Edition
Authors: William Lanen, Shannon Anderson, Michael Maher
Question Posted:
Students also viewed these Managerial Accounting questions
-
Give two reasons why futures markets may not be started on a commodity. Give an example of such a commodity to support your answer.
-
Give two reasons why caches are useful. What problems do they solve? What problems do they cause? If a cache can be made as large as the device for which it is caching (for instance, a cache as large...
-
Give two reasons why the official inflation rate may understate the "true" rate of inflation. Illustrate by examples.
-
Comment on the following statement: A financial projection presents an organizations expected results, given a hypothetical assumption.
-
Alpha Co. acquired 20,000 shares of Beta Co. on January 1, 2012, at $12 per share. Beta Co. had 80,000 shares outstanding with a book value of $800,000. The difference between the book value and fair...
-
Refer to the College Choice 2015 Rankings of National Research Universities, Exercise 11.43. Now consider a simple linear regression model for a university's academic reputation score (y), using...
-
How to manage organizational culture and innovation.
-
Pam Corporation acquired its 90 percent interest in Sun Corporation at its book value of $3,600,000 on January 1, 2016, when Sun had capital stock of $3,000,000 and retained earnings of $1,000,000....
-
The graph of f is shown. y= f(x) 6 0 6 12 18 24 Evaluate each integral by interpreting it in terms of areas. 6 (a) [ f(x) dx (b) (c) (d) (e) 15 f(x) dx 15 21 f(x) dx f(x) dx 21 |f(x) dx
-
Wireless Video Ltd. needs to expand operations for 2011 and is considering two financing options to raise $200 million-either issuing additional common shares or additional long-term bonds. The...
-
Actual revenues are greater than budgeted for December, so our revenue variance is favorable. Give an example of when this would be good news and when it could be bad news.
-
A rush order for a major customer has led to considerable overtime and an unfavorable variance for production costs. Is this variance the responsibility of the marketing manager, the production...
-
Write the expressions for Kc for the following reactions. In each case indicate whether the reaction is homogeneous or heterogeneous. (a) 2O 3 (g) 3O 2 (g) (b) Ti(s) + 2 Cl 2 (g) TiCl 4 (l) (c) 2C...
-
Describe the level of consumer involvement in the unplanned decision-making process (unplanned purchase behavior). One of the levels of consumer involvement is indicated by the efforts made by...
-
Roller Coaster he 500kg roller coaster shown in the figure starts at point A with speed of 2.0 m/s. The heights of the different points along the path are shown on the figure. 2 1 point Ignoring...
-
A 7 5 kg pilot is flying the F - 1 8 fighter jet in a vertical loop with a constant speed of 8 5 0 km / h . The centripetal acceleration of the plane is 9 . 0 g ' s . Determine the radius of the loop.
-
Three point charges are located on the corners of a right triangle as shown in the Figure, given: 91 (C) 292 92 (C) 93 (C) -75.5 59.7 a (m) 3.00 b (m) 4.00 What is the y-component (unit in N) of the...
-
where A and B are components of vector A and B respectively. Write pseudocode to calculate cosine similarity of two vectors A and B. it should take two arrays of numbers, A and B, as arguments and...
-
Explain briefly air preheater, superheater, and chimney with respect to boilers.
-
Charles owns an office building and land that are used in his trade or business. The office building and land were acquired in 1978 for $800,000 and $100,000, respectively. During the current year,...
-
The javac converts program into (a) Hexadecimal code (b) Octal code (c) Byte code (d) Object code
-
Model, Inc., produces model automobiles made from metal. It operates two production departments, Molding and Painting, and has three service departments, Administration, Accounting, and Maintenance....
-
Gipps Business College (GBC) has two degree programs, undergraduate (UG) and graduate (GRAD) and three service departments, information technology (IT), Event Planning (EP), and Career Services (CS)....
-
Imperial Mining is a coal company that produces three grades of coalHigh, Medium, and Lowin fixed proportions. The joint costs of mining total $1,500,000. In a typical month, the company will mine...
-
Exercise: Memo Writing You are a member of Aurora Music Society, a large amateur group that gives several public concerts each year usually in a local church hall or school. The Music Society used to...
-
2. Consider deposits of $2,000 on year 1, $3,000 on year 2, with increment of 1000 per year up until year 6. a.) Compute the present value and the future value based on an interest rate of 4%. b.)...
-
please answer following questions below: The health department provides free health assessments for the local community. The center receives approximately $65,000 in donations a year. Based on the...
Study smarter with the SolutionInn App