If we know that a variance is the result of an uncontrollable price increase for a supply

Question:

If we know that a variance is the result of an uncontrollable price increase for a supply item that we must have, do we need to investigate and make a report regarding the variance? Why or why not?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Financial Management for Public, Health and Not-for-Profit Organizations

ISBN: 978-1506326849

5th edition

Authors: Steven A. Finkler, Daniel L. Smith, Thad D. Calabrese, Robert M. Purtell

See More Books

Question Posted: Nov 08, 2022 02:29 AM

See More Questions

If we know that a variance is the result of an uncontrollable price increase for a supply item that we must have, do we need to investigate and make a report regarding the variance? Why or why not?
A favorable overhead efficiency variance is the result of a. standard outputs allowed for actual inputs exceeding the flexible budget inputs. b. standard inputs allowed for actual outputs achieved...
The Minitab output displayed here is the result of a multiple regression analysis with three independent variables. Variable x1 is a dummy variable. Discuss the computer output and the role x1 plays...
A test rocket is launched by accelerating it along a 200.0-m incline at 1.25 m/s2 starting from rest at point A (Figure 3.45.) The incline rises at 35.0o above the horizontal, and at the instant the...
Last year you received an average of 129.2 complaints (i.e., individual items to be fixed under warranty) per new car sold, with a standard deviation of 42.1 complaints based on 3,834 new cars sold....
a. Find a, given that X ~N(30, 16) and that P(X a) = 0.8944. b. Find b, given that X ~N(12, 4) and that P(X b) = 0.9599. c. Find c, given that X ~N(23, 9) and that P(X > c) = 0.9332. d. Find d,...
Target cost, activity-based costing systems (continuation of 12-29). Assume all the infor mation in Problem 12-29. Famham has just received some bad news. A foreign competitor has introduced products...
Texon Co. manufactures and sells three products: product 1, product 2, and product 3. Their unit sales prices are product 1, $40; product 2, $30; and product 3, $14. The per unit variable costs to...
XYZ Corp. is producing at full capacity, Lisa has decided to have JJ examine the feasibility of a new manufacturing plant. This expansion would represent a major capital outlay for the company. A...
On January 1, 20X1, Manuel Companys merchandise inventory was $300,000. During 20X1, Manuel purchased $1,900,000 of merchandise and recorded sales of $2,000,000. The gross profit margin on these...
What is the essential issue on which flexible budget variance analysis is based?
How can outcomes be measured?
For Problem use derivatives to determine whether f is increasing or decreasing on the given interval. Use L 4 or R 4 , whichever is appropriate, to give an overestimate of the signed area on the...
You must select an orifice meter for measuring the flow rate of an organic liquid ( $\mathrm{SG}=0.8$, $\mu=15 \mathrm{cP}$ ) in a $4 \mathrm{in}$. sch 40 pipe. The maximum flow rate anticipated is...
A team of designers was given the task of reducing the defect rate in the manufacture of a certain printed circuit board. The team decided to reconfigure the cooling system. A total of 973 boards...
Level 98%: x1 = 49, n1 = 74, x2 = 62, n2 = 153 In Exercises 712, construct the confidence interval for the difference p1 p2 for the given level and values of x1, n1, x2, and n2.
Let X be a continuous random variable with the following PDF Find the MGF of X, M X (s). fx(x) = +) == 12e-1|2|1 e-A/).
The number of hours spent studying per day by a sample of 28 students In Exercises 2326, use technology to draw a box-and-whisker plot that represents the data set. 2 8 7 2 261 82 35 37 25 20 73 83...
Consider these atoms: helium, He; aluminum, Al; and argon, Ar. Rank them, from smallest to largest, in terms of (a) size, (b) number of protons in the nucleus, and (c) number of electrons.
Choose a company from the SEC EDGAR Web site for your Key Assignment to evaluate for the impact of convergence to IFRS. Review the financial reports and notes of the company you have chosen from the...
Fallow Corporation is subject to tax only in State X. Fallow generated the following income and deductions. State income taxes are not deductible for X income tax purposes. Sales...
Dillman Corporation has nexus in States A and B. Dillmans activities for the year are summarized below. Determine the apportionment factors for A and B assuming that A uses a three-factor...
Roger Corporation operates in two states, as indicated below. This year's operations generated $400,000 of apportionable income. Compute Roger's State A taxable income assuming that State A...
Choose two stocks from the same industry to minimize the influence of other confounding factors. You choose the industry that you are relatively more familiar with, and then estimate the implied...
why should Undertake research to review reasons for previous profit or loss?
A pension fund's liabilities has a PV01 of $200 million. The plan has $100 billion of assets with a weighted average modified duration of 8. The highest duration bond that the plan can invest in has...

If we know that a variance is the result of an uncontrollable price increase for a supply

Question:

Step by Step Answer:

Absolutely The variance should be investigat...View the full answer

Financial Management for Public, Health and Not-for-Profit Organizations

Students also viewed these Business questions