Formulas for variances

Assignment Help Accounting Basics
Reference no: EM131027595

When you create your formulas for variances, in order to have the variances show minus signs if they are unfavorable:

For things that you want more of as a business owner, because they increase income , subtract the budgeted number from the actual number.

Reference no: EM131027595

Questions Cloud

What is the wall thickness of the propane tank in mm : The welded handle and stand on the tank weigh 1 lbs (combined) and valve on the tank weighs 1.5 lbs and has an exit area of 1 cm^2 . What is the wall thickness of the propane tank in mm? what is the inner volume of the propane tank in mL and gallons..
How did diocletian and constantine deal with the political : How did Diocletian and Constantine deal with the political, social, and economic problems of the Roman Empire inthe third and fourth centuries AD?
Find a formula for the inverse of the function : Today you visited the R&D (Research and development) development of a pharmaceutical manufacturer. The people in this lab have to calculate the recommended dosage of the products they are developing. Medicine is expressed as a function of the conc..
Business competing in a global business environment : Discuss whether or not the current reporting and disclosure requirements for publicly traded companies are sufficient to inform investor and stakeholders about the company's performance.
Formulas for variances : When you create your formulas for variances, in order to have the variances show minus signs if they are unfavorable:
Journalize griffin enterprises : Journalize Griffin Enterprises' entries to record (refer to the company's Chart of Accounts for exact wording of account titles):
Convert variable to absorption : The April 2010 income statement for Fabio's Fashions has just been received by Diana Caffrey, Vice-President of Marketing. The firm uses a variable costing system for internal reporting purposes.
Discuss an element of drinking water : Discuss an element of drinking water where you see a public health gap or need that should be addressed. You may bring up a specific case relevant to your community if you have one, or bring up a global issue.
What are the musical characteristics of classical music : What are the musical characteristics of Classical Music (discuss things such as Melody, Rhythm, Harmonies, Forms, Orchestration). What are the musical characteristics of Romantic Music.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Mike a real estate broker in california recently inherited

mike a real estate broker in california recently inherited a farm from his deceased uncle and plans to sell the farm to

  What is pheasant-s current e and p

Incalculating its taxable income for the year, Pheasant claimed an$8,000 deduction for the organizational expenses. What is Pheasant's current E & P?

  Vn den borsh corp has annual sales of 50735000 an average

van den borsh corp. has annual sales of 50735000 an average inventory level of 15012000 and average accounts receivable

  Potential investments to accelerate profit abc company has

potential investments to accelerate profit abc company has the option to purchase additional equipment that will cost

  How do record the entry to adjust the allowance account

On January 1, 2013, the balance in Tabor Co.'s Allowance for Bad Debts account was $13,853. During the first 11 months of the year, bad debts expense of $21,188 was recognized. The balance in the Allowance for Bad Debts account at November 30,..

  Prepare a static budget report for the second quarter

Prepare a static budget report for the second quarter and for the year to date.

  Find the contribution margin per haircut

Find the contribution margin per haircut. Assume that the barbers' compensation is a fixed cost. Show calculations to support your answer.

  Impairment of fixed assets

Which of the following statements concerning the impairment of fixed assets is true under US GAAP?

  How they account for other than-temporary impairments

Do U.S. GAAP and IFRS differ in how they account for other-than-temporary impairments? Explain.

  Wuld you expect the volatility of a stock index to be

would you expect the volatility of a stock index to be greater or less than the volatility of a typical stock? explain

  Make the consolidated eliminating entries

Make the consolidated eliminating entries for the intercompany land

  The prepaid insurance account had a beginning balance of

the prepaid insurance account had a beginning balance of 5000 and was debited for 2000 of premiums paid during the

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