Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Answer ALL and receive a like! No explanations needed! Which of the following is the PRIMARY reason for using cost variances? They diagnose the cause

Answer ALL and receive a like! No explanations needed!
image text in transcribed
image text in transcribed
image text in transcribed
Which of the following is the PRIMARY reason for using cost variances? They diagnose the cause of a problem and what should be done to correct it. To administer appropriate disciplinary action. For financial control of operating activities. For superiors to communicate expectations to lower level employees. April May June 52,400 22,800 43,000 It's company policy to have 20% of the following month's sales in finished goods inventory. On April 1, the finished goods inventory equaled 10,480 units. What is April's production (in units)? None of these options is correct. 46,480 47,960 43,760 Which of the following is NOT a assumption of cost-volume-profit (CVP) analysis? Total fixed costs remain the same over the relevant range. Total variable costs remain the same over the relevant range. Units manufactured equals units sold. All costs are purely variable or fixed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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

blur-text-image

Step: 3

blur-text-image

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

Performance Audit Program Auditing Is A Systemic Process

Authors: Reina Mercedes Pérez Aguila, Yoandra González García

1st Edition

6205775697, 978-6205775691

More Books

Students also viewed these Accounting questions

Question

What are some of the possible scenes from our future?

Answered: 1 week ago