Fixed cost controllable by a segment manager

Assignment Help Financial Accounting
Reference no: EM13746913

1) If the direct labor variance is $800 favorable and the direct labor usage variance is $700 unfavorable then

a. actual total wages paid were $800 more than expected

b. actual labor hours were less than expected

c. actual material prices were less than expected

d. the flexible budget variance for direct labor is $100 favorable

2) Which of the following is NOT a fixed cost controllable by a segment manager?

a. advertising costs in local paper to promote segment

b. training costs for new employees at segment

c. segment manager's salary

d. salesperson's salaries for segment

3) Which of the following is NOT a service department?

a. housekeeping department

b. surgery floor in a hospital

c. laundry department in a hospital

d. maintenance department in a hospital

Reference no: EM13746913

Questions Cloud

Variable costing is also called : Three types of costs accumulated on job cost records that include direct materials, and. Variable costing is also called
What part of the libertys annual report : What part of the liberty's annual report is written by the company and could present a biased view of financial conditions and reports?
Writing a critical analysis statement : Writing a Critical Analysis Statement. "Although Stevens was an unabashed partisan, he was no rogue agent. He had been sent to Hawaii to promote annexation, and the men who sent him.
Requisitioned by the production supervisor for production : Direct materials of $10,000 are requisitioned by the production supervisor for the production area. Job order costing is used. The journal entry to record this transaction is:
Fixed cost controllable by a segment manager : If the direct labor variance is $800 favorable and the direct labor usage variance is $700 unfavorable then. Which of the following is NOT a fixed cost controllable by a segment manager? Which of the following is NOT a service department?
Used to allocate variable costs from service departments : Which of the following formulas should be used to allocate variable costs from service departments to user departments? The phrase "cost allocation" refers to the allocation of total department costs to, If a department identifies more than one cost ..
What are the equivalent units for materials for the month : A company produces plastic cups in a one - department process. The units in process at the end of the month are 100 percent complete with respect to materials and 50 percent complete with respect to conversion costs. What are the equivalent units for..
Compute the minimum quarterly estimated-tax payments : Kold Corporation estimates that its 2015 taxable income will be $900,000. Thus, it is subject to a flat 34 percent income tax rate and incurs a $306,000 tax liability. For each of the following independent cases, compute the minimum quarterly estimat..
Challenges to industry giants : Challenges to Industry Giants-In your lifetime, do you think companies such as Coke, McDonald's, or Google will be overtaken by new, entrepreneurial companies

Reviews

Write a Review

Financial Accounting Questions & Answers

  Depreciation calculation under straight line and

depreciation calculation under straight line and declining-balance methods.millco inc acquired a machine that cost

  Calculation of depreciation for plant assets1nbspnbsppine

calculation of depreciation for plant assets.1.nbspnbsppine company purchased a depreciable asset for 360000. the

  Debit balance in the allowance for doubtful accounts

Prepare the adjusting entry at December 31, 2012, to record bad debts expense, assuming that the aging schedule indicates that $10,200 of accounts receivable will be uncollectible.

  Provide the pro forma consolidation journal entries

Provide the pro forma consolidation journal entries that should be processed by WorldCup (Pty) Ltd for the year ended 31 December 2009 to correctly account for Protea

  In what industry will a given percentage increase in product

In what industry will a given percentage increase in production workers result in the largest percentage increase in output?

  Explain how to perform a vertical analysis of financial

Explain how to perform a vertical analysis of financial statements. Provide an example of how the results of this analysis could be used to make business decision

  What is currently the value of the firm

what is currently the value of the firm? if the owner presently receives an offer of $15050 for the firm and accepts it, what does that imply about his discount rate?

  At illustrate what price was the bond issued

The bond has a stated interest rate of 6 percent. On January 1, 2011, when the bond was issued, the market rate was 8 percent. The bond pays interest twice per year, on June 30 and December 31. At illustrate what price was the bond issued?

  What actions should the company take

he mailing of Ken’s Checks continued for the next four weekly Paydays. It wasn’t until the monthly Payroll reports were sent to Ken’s supervisor that the error was detected. Ken refused to return the four extra checks. What actions should the com..

  Will asset for the year be overstated or understated

At the end of the fiscal year, the usual adjusting entry for depreciation on equipment was omitted. Will asset for the year be overstated or understated?

  Explain reason for any two of the seven internal control

explain the reason for any two of the seven internal control procedures and (2) provide examples of how your two selected internal control procedures will meet the goal of safeguarding assets and promoting ethical business practices.

  Compare the flexible budget with the actual overhead

Compare the flexible budget with the actual overhead, computing a variance for each item and for the total overhead. Indicate whether variances are favorable (F) or unfavorable (U).

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd