Performance evaluations are based on meeting budgets

Assignment Help Financial Accounting
Reference no: EM13751795

Why is it important to investigate both price (rate) and volume (efficiency) variances when rewarding employees for satisfactory work when performance evaluations are based on meeting budgets?

 

What is some qualitative consideration that might be helpful in employee performance evaluations?

Reference no: EM13751795

Questions Cloud

Relationship in internal controls-individual transactions : Describe the relationship between internal controls, individual transactions, and account balances. Discuss how evidence regarding each of these three areas can help an auditor determine if the financial statements are fairly stated.
Companys repayment be if you issue the coupon bonds : Suppose your company needs to raise $44 million and you want to issue 20-year bonds for this purpose. Assume the required return on your bond issue will be 8 percent, and you’re evaluating two issue alternatives: A 8 percent semiannual coupon bond an..
Prepare the journal entries to record the bond issue : Truax Co. issued $250,000 of 6 percent, 10 year, callable bonds on January 1, 2013, at their face value. The call premium was 2 percent (bonds are callable at 102). Interest was payable annually on December 31. The bonds were called on December 31, 2..
Calculate the ending inventory and inventory position : We have a Q inventory system with an order quantity of 200 units, reorder point is 50 units, and order lead time is 3 days. At the end of March 7, the inventory level and the inventory position are both 78 units.
Performance evaluations are based on meeting budgets : Why is it important to investigate both price (rate) and volume (efficiency) variances when rewarding employees for satisfactory work when performance evaluations are based on meeting budgets? What is some qualitative consideration that might be help..
Income statement-balance sheet and statement of cash flow : Chapman Company issued $400,000 of 20 year, 6 percent bonds on January 1, 2013. The bonds were issued at face value. Interest is payable in cash on December 31 of each year. Chapman immediately invested the proceeds from the bond issue in land.Prepar..
Koen corporations common fixed expenses : Koen Corporation has two divisions: Division A and Division B. Last month, the company reported a contribution margin of $44,000 for Division A. Division B had a contribution margin ratio of 30% and its sales were $217,000. Net operating income for t..
Calculate the net pay for both : Book mart has two employees in 2013. Jessica earns $4,500 per month and Moses, the manager, earns 11,000 per month. Neither is paid extra if they work overtime. Assume the social security tax rate is 6 percent on the first $110,000 of earnings and th..
Calculate total overhead cost allocated for the job : Fitzgerald Inc. uses the ABC method to allocate overhead to production. The following is a list of cost pools and the allocation base for each pool. Calculate total overhead cost allocated for the job.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Illustrate what is the firm ebt

The only depreciable asset the company owns is a specialized machine that it bought for $1,000,000 and is depreciating over 5 years using the straight line method. Illustrate what is the firm's EBT?

  Arrangements in its consolidated financial statements

Rosie Corporation has 70% of the outstanding voting stock of Smith Corporation and 10% of the voting stock of Tommy Corporation. Smith also just spent $10,000 to acquire 20% of Tommy’s voting stock. Smith has issued irrevocable letters of credit to g..

  Prepare the annual adjusting entries necessary

Prepare the annual adjusting entries necessary on December 31 and the equipment has an estimated life of 16 years and a salvage value of $24,000 at the end of that time.

  How would you advise tina to structure the transaction

how would you advise Tina to structure the transaction in the event economic conditions continue to decline and the corporation may have to file for bankruptcy? Support your position with primary tax authority. Ensure to provide your reference in ..

  Firms average total cost and marginal cost

Suppose a business experiences a sudden increase in its fixed costs. For example, suppose property taxes increase dramatically. What impact, if any, will this have on the following: the firm's AFC (average fixed cost); the firm’s AVC (average variabl..

  What strategic objectives this information system

What strategic objectives this Information System address and in each strategic objective how does Information System improve business process?

  Prepare marginal costing accounts

Diverse Management Consultants with the following quarterly information and requested that both Marginal Costing Accounts and Absorption Costing Accounts are prepared

  What makes cash basis easier for small companies to use

What makes cash basis easier for small companies to use? Do you think it has to do with their frame of reference on business operations? In other words, if they have cash left at the end of the period, is that an indication they're doing well?

  What is the apr with monthly compounding without the fee

A used car dealer offers the following automobile finance opportunity. Monthly payments on the loan are 3% of the loan amount for 36 months. The loan amount is after any down payment. In addition the loan will require a $1,500 up front loan proces..

  Angelo diaz has decided to go into business selling

angelo diaz has decided to go into business selling colourful scarves which are popular among university students. he

  What is balance in treasury stock on december

Journalize the transactions of November 10. What is balance in Treasury Stock on December 31 of the current year?

  Preparation of segmented income statementgl inc has two

preparation of segmented income statement.gl inc. has two product divisions. division g sells a product with a selling

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