Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jan 27, 2024

A budget variance is a difference between actual overhead costs and the flexible budget for actual units produced. This variance is also called a(n) __________.

uncontrolled variance

unknown variance

controllable variance

all of the above

Step by Step Solution

★★★★★

3.43 Rating (153 Votes )

There are 3 Steps involved in it

Step: 1

The detailed answer for the above question is provided below The most accurate answer for the type o... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting

Authors: Stacey Whitecotton, Robert Libby, Fred Phillips

2nd edition

9780077493677, 78025516, 77493672, 9780077826482, 978-0078025518

More Books

Students also viewed these Accounting questions

Question

★★★★★

Ten years ago, Joe purchased stock for $46K. Joe is in bad health. He needs to decide how to transfer the stock in the family most tax-efficiently. Its current value is and is expected to remain $6K....

Answered: 1 week ago

Question

★★★★★

How "sexting" is incidents are evaluated may depend on a variety of factors : 1) who intercepts them 2) ages of those pictured 3) the history of those pictured 4) the nature of the pictures 5) all of...

Answered: 1 week ago

Question

★★★★★

1..In the absorption coefficient experiment What happen if the glass was replaced with material has 100% transmission?. (a)Absorption = 100% (b)Absorption = 50% (c)Absorption = 0% (d)Nothing happens...

Answered: 1 week ago

Question

★★★★★

Some economists argue that Inflation numbers calculated by CPI are not accurate especially during the pandemic. Explain why do they believe inflation numbers are not that accurate during pandemic?

Answered: 1 week ago

Question

★★★★★

Recently, the United States was in a recession. What would be the expected effect of a recession on accounts receivable turnover ratios?

Answered: 1 week ago

Question

★★★★★

Carnauba wax, used in floor and furniture polishes, contains an ester of a C32 straight-chain alcohol with a C20 straight-chain carboxylic acid. Draw its structure.

Answered: 1 week ago

Question

★★★★★

An insurance company classifies the claims it receives as being either small (if they are up to $5000) or large. During a calendar year, an insured customer may either make one claim or none. It has...

Answered: 1 week ago

Question

★★★★★

Following is a selection of improperly recorded transactions that occurred during 2012 and a description of how each transaction was recorded by a township. Prepare the necessary entries to correct...

Answered: 1 week ago

Question

★★★★★

In Table 1 . 1 , what is the marginal cost of the third unit? a ) 1 0 0 b ) 3 0 0 c ) 5 0 d ) 7 0 0

Answered: 1 week ago

Question

★★★★★

Target Corporation prepares its financial statements according to U.S. GAAP. Targets financial statements and disclosure notes for the year ended February 3, 2018, are available in Connect. This...

Answered: 1 week ago

Question

★★★★★

A threshold question prevents our proceeding directly to Northeastern's Sherman Act claims. Appellants assert that the design of the protective coupler cannot be attacked on antitrust grounds because...

Answered: 1 week ago

Question

★★★★★

[7] Draw the phase diagram of water and indicate the supercritical fluid region. 5 points

Answered: 1 week ago

Question

★★★★★

When performing an integrated audit for a public company subject to PCAOB standards, the audit team identified the following situation: Control: All expenditures are reviewed by AP personnel to...

Answered: 1 week ago

Question

★★★★★

Mr. Webb's class is measuring the length of small objects using a classroom set of rulers. One student's measurements are consistently 1 8 8 1 inch smaller than all of the other students'...

Answered: 1 week ago

Question

★★★★★

While staying at a hotel for a conference, Paulo's supervisor invites him to her room for drinks. When Paulo turns her down, she says he won't be considered for a promotion unless he changes his...

Answered: 1 week ago

Question

★★★★★

At the aquarium, visitors are asked how much they agree with the statement, "I like jellyfish" from 1 (strongly disagree) to 7 (strongly agree). What scale of measurement is being used? O nominal...

Answered: 1 week ago

Question

★★★★★

Exercise 6-3 Reconciliation of Absorption and Variable Costing Net Operating Incomes [LO6-3] [The following information applies to the questions displayed below.] Jorgansen Lighting, Inc.,...

Answered: 1 week ago

Question

★★★★★

Splitting hairs, if you shine a beam of colored light to a friend above in a high tower, will the color of light your friend receives be the same color you send? Explain.

Answered: 1 week ago

Question

★★★★★

Refer to the information in PB2-3 for Knight Company. Required: 1. Prepare a journal entry showing the transfer of Job 102 into Finished Goods Inventory upon its completion. 2. Prepare the journal...

Answered: 1 week ago

Question

★★★★★

Refer to E3-8 for information regarding Ridgecrest Company. Required Complete all requirements for E3-8 using the FIFO method. 1. Reconcile the number of physical units worked on during the period....

Answered: 1 week ago

Question

★★★★★

Ironwood Company manufactures a variety of sunglasses. Production information for its most popular line, the Clear Vista (CV), follows: Per Unit Sales price .............$37.50 Direct materials...

Answered: 1 week ago

Question

★★★★★

On March 2, 2016, the accountant for Bergen Carpet Co. of Edmonton was injured in a skiing accident and was advised not to return to work for six weeks. The owners of the company are anxious to...

Answered: 1 week ago

Question

★★★★★

What techniques or approaches can be used to achieve mass customization in practice?

Answered: 1 week ago

Question

★★★★★

Liz Ames owns Fancy Writing Supply Co. in Moncton. As her newly hired accountant, your task is to: a. Journalize the following transactions for the month of May. b. Record in subsidiary ledgers and...

Answered: 1 week ago

Previous Question Next Question