What does it mean when a variance is favorable? What does it mean when a variance is
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 69% (13 reviews)
A favorable variance means that performance exceeded expectat...View the full answer
Answered By
Hillary Waliaulah
As a tutor, I am that experienced with over 5 years. With this, I am capable of handling a variety of subjects.
5.00+
17+ Reviews
30+ Question Solved
Related Book For
Managerial accounting
ISBN: 978-0471467854
1st edition
Authors: ramji balakrishnan, k. s i varamakrishnan, Geoffrey b. sprin
Question Posted:
Students also viewed these Managerial Accounting questions
-
What is a residual? What does it mean when a residual is positive?
-
What does it mean when a bond is issued at a premium or a discount?
-
What does it mean when a company tries to mitigate their transportation risk? How can they accomplish this?
-
41.(6 pointa) In the following balanced reaction, magnesium metal (Mg) reacts with carbon dioxide gas (CO) o form solid magnesium exide (MgO) and solid carbon (C). How many grams of carbon dioxide...
-
A mixture of methane (CH4) and ethane (C2H6) of mass 13.43 g is completely burned in oxygen. If the total mass of CO2 and H2O produced is 64.84 g, calculate the fraction of CH4 in the mixture.
-
Evaluate the given functions. f(x) = x 2 9; find f(2) and f(2).
-
Orbit Airways purchased a baggage-handling truck for $41,000. Suppose Orbit Airways sold the truck on December 31,2010, for $28,000 cash, after using the truck for two full years and accumulating...
-
In 2005, using $2.5 million in community property, Quinn creates a trust, life estate to his wife, Eve, and remainder to their children. Quinn dies in 2011 when the trust is worth $3.6 million, and...
-
A project has annual depreciation of $19,500, costs of $92,900, and sales of $135,500. The applicable tax rate is 34 percent. What is the operating cash flow?
-
Elizabeth Wong has strong problem-solving skills and loves to work with people. After becoming a Certified Human Resources Professional (CHRP) and working for several companies, she opened her own...
-
Florida Cruises operates a fleet of glass bottom boats that give tours of the coral reefs off Key West, Florida. Since its inception, the firm has fetched its owner a healthy return on investment....
-
What is the flexible budget variance? What three subsidiary variances make up the flexible budget variance?
-
It is assumed that Carletti's personal tax rate is 45%. Peter Carletti is a professional architect employed by a Halifax-based architectural firm. He is 58 years old and married, and has a...
-
Identify the new symmetry element(s) that result from the following combinations of symmetry elements: a. C2 h= b. C*C= C. C4* i * y = 5.) List the symmetry elements and determine the point group for...
-
Given the stock dynamic +1 = +0.5 (1/100) 0.01 and the net benefit function 0.01, where the price is $10 and cost of effort is $1, find the steady state open access effort level. What is the open...
-
The main difference between cyclically unemployed workers and structurally unemployed workers is that cyclically unemployed workers do not have marketable skills while structurally unemployed workers...
-
In 2020, the yearly tuition at a state university was $30,000. In 2025, the yearly tuition at the same state university will be $37,000. Given the price of tuition for reference, the inflation rate...
-
Discuss three approaches in measuring the gross domestic product. (10 marks) (b) Explain why GDP if often criticized as a measure of aggregate economic activity? (15 marks) (c) What is the difference...
-
Which of the following is not a legal identifier? Select the one correct answer. (a) a2z (b) dipus (c) 52pickup (d) _class (e) ca$h (f) _8to5
-
The maximum pressure that can be developed for a certain fluid power cylinder is 15.0 MPa. Compute the required diameter for the piston if the cylinder must exert a force of 30 kN.
-
An article on zdnet.com reported on the findings of engineers at IHS Markit in an investigation of the cost of the components used to produce the A1865 version of the iPhone X with 64GB of internal...
-
Rotorua Products, Ltd., of New Zealand markets agricultural products for the burgeoning Asian consumer market. The companys current assets, current liabilities, and sales have been reported as...
-
Selected financial data from the June 30 year-end statements of Safford Company are given Total assets at the beginning of the year were $3,000,000; total stockholders equity was $2,200,000. There...
-
Selected financial data from the June 30 year-end statements of Safford Company are given Total assets at the beginning of the year were $3,000,000; total stockholders equity was $2,200,000. There...
-
Explain how probability can be applied to decision-making in public administration situations.
-
Do you think that all levels of management have the same functional skills needed for the workplace? How do managers in organizations communicate in terms of tone and leadership style?
-
Accustart Ltd. acquired 38% of the common shares of Lecce Ltd. on January 1, 2024, by paying $5.76 million for 144,000 shares. Lecce declared a cash dividend of $0.60 per share in each quarter that...
Study smarter with the SolutionInn App