Explain the favorable variance, Financial Accounting

Question: The manager of Ben and Jerry's Ice Cream is told that the direct material quantity variance for cherries in Cherries Garcia Ice cream is favorable. What could explain this favorable variance?  Is this favorable variance good news for the company?

Posted Date: 4/1/2013 2:55:11 AM | Location : United States







Related Discussions:- Explain the favorable variance, Assignment Help, Ask Question on Explain the favorable variance, Get Answer, Expert's Help, Explain the favorable variance Discussions

Write discussion on Explain the favorable variance
Your posts are moderated
Related Questions
In January, 2008, Sanford Corporation purchased a patent for a new product for $1,200,000. The patent was valid for fifteen years but it was estimated to have a useful life of ten

Please prove that the maximum throughput of input queued switch is 0.586 when switch size N approaches infinity. Assume the incoming traffic is uniformly distributed. Please dem

The discount rate used must normally reflect the weighted average cost of equity and debt taking into account the systematic risk of the investment. A company's weighted average co

ACCOUNTS REQUIRED This can be summarized depending on the nature of the situation. In a receivership you may be required to prepare a receivers receipt and payments. In the pro

Q. Compute the present value? The offer for the manufacturing rights is for a ten-year period. Annual after-tax cash flow after Year 4 = $660000 Present value of this c

When a company sells a product for cash, it generally recognize the revenue. However, there are situations when it is not always clear when a company should recognize the revenue.

Q. What are Junk Bonds? Junk Bonds - DEBT SECURITIES issued by companies with higher than normal credit risk. Considered ‘non-investment grade' bonds, these SECURITIES ordinari

Prepare an income statement and statement of owner's equity  (month ended Mar,31 1995) Auto remair fee earned            37,300 Salaries Expense                    11500 Repair par

Journal Entries for Dissolutions The following journal entries are relevant for the purpose of recording all dissolutions: 1)    DR.    Revaluation account CR.  Asset account

what is the different between prorfit and margin prorfi