Why is a materials efficiency variance typically not calculated for the purchasing activity?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 61% (13 reviews)
Under normal circumstances the purchasing department will acquire ...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Managerial Accounting An Introduction to Concepts Methods and Uses
ISBN: 978-0324639766
10th Edition
Authors: Michael W. Maher, Clyde P. Stickney, Roman L. Weil
Question Posted:
Students also viewed these Managerial Accounting questions
-
For control purposes, why is an efficiency variance not calculated for fixed manufacturing overhead?
-
Why is there no efficiency variance for revenues?
-
Why are calculated fields created with database queries? Why not create them directly with reports?
-
Compute the length of the curve traced by r(t) over the given interval. r(t)= (t cos t, t sint, 3t), 0t 2
-
What are share repurchases, and how can they be incorporated into the valuation of a stock?
-
An independent person who gathers and verifies information, prepares closing documents, and makes sure that title passes to the buyer Match the terms with the definitions. Some terms may not be used....
-
What do resolution strategies collaboration, compromise, competition, accommodation, and avoidance each result from?
-
( GAAP Terminology) Wayne Rogers, an administrator at a major university, recently said, Ive got some CDs in my IRA, which I set up to beat the IRS. As elsewhere, in the world of accounting and...
-
can you please solve this question as fast as you can and with proper pattern please . Riverbed Corp. a public company incorporated on June 28, 2019, set up a single account for all of its intangible...
-
A carbon/epoxy lamina is clamped between rigid plates in a mold (see figure below) while curing at a temperature of 125C. After curing, the lamina/mold assembly (still clamped together) is cooled...
-
How would a coffee shop use labor and materials variance information?
-
Why might the total variable manufacturing overhead variance not be divided into price and efficiency components?
-
Prepare a divisional performance report based on the information supplied?
-
(25 Points) University Painting is considering investing in a new paint sprayer to allow them to paint more classrooms in less time. The sprayer would have the following cash flow and cost of capital...
-
Use the following information for questions 1 and 2. Caterpillar Financial Services Corp. (a subsidiary of Caterpillar) and Sterling Construction sign a lease agreement dated January 1, 2020, that...
-
Summit Regional Medical Center operates as a private not-for-profit hospital, providing services to a community of 20,000 and the surrounding rural areas. Summit has maintained a banking relationship...
-
Woodland Wearables produces two models of a smart watch, the Basic and the Flash. The watches have the following characteristics: Basic Flash Selling price per watch $ 3 3 0 $ 4 9 0 Variable cost per...
-
Introduction This practice case has been designed to give introductory-level business students practical experience in the application of accounting concepts. This practice case will provide students...
-
Should companies develop programs or policies that deal specifically with AIDS? If so, what characteristics should they have? Or should they deal with the problem only on a case-by-case basis? Should...
-
d) For die casting processes: 1. What are the most common metals processed using die casting and discuss why other metals are not commonly die casted? 2. Which die casting machines usually have a...
-
Problems 5060 do not match the examples in this text, but all the problem-solving techniques necessary to answer these questions have been covered in this text. These problems are designed to test...
-
True Blue Airline provides passenger airline service, using small jets. The airline connects four major cities: Atlanta, Cincinnati, Chicago, and Los Angeles. The company expects to fly 125,000 miles...
-
Classic Car Accessory Company manufactures three chrome-plated products' automobile bumpers, valve covers, and wheels. These products are manufactured in two production departments (Stamping and...
-
The management of Classic Car Accessory Company, described in Problem 11-1B, now plans to use the multiple production department factory overhead rate method. The total factory overhead associated...
-
Calculate Social Security taxes, Medicare taxes and FIT for Jordon Barrett. He earns a monthly salary of $11,100. He is single and claims 1 deduction. Before this payroll, Barretts cumulative...
-
Bass Accounting Services expects its accountants to work a total of 26,000 direct labor hours per year. The company's estimated total indirect costs are $ 260,000. The company uses direct labor hours...
-
The Balance Sheet has accounts where the accountant must make estimates. Some situations in which estimates affect amounts reported in the balance sheet include: Allowance for doubtful accounts....
Study smarter with the SolutionInn App