Suppose the standard for a given cost during a period was

Assignment Help Accounting Basics
Reference no: EM13573910

Suppose the standard for a given cost during a period was $80,000. The actual cost for the period was $72,000. Under what circumstances would you consider the variance from budget to be a positive performance indication?

Reference no: EM13573910

Questions Cloud

Using excel prepare a new segmented income statement : a contribution format income statement for the most recent year for big bear consumer electronics inc. is shown
Please submit a 1000 word essay on the following title the : please submit a 1000 word essay on the following titlethe role of youth in promoting the asean-korea
Sibble corporation uses activity-based costing to assign : sibble corporation uses activity-based costing to assign overhead costs to products. overhead costs have already been
Acquisition of assets for cash knab corporation is : acquisition of assets for cash. knab corporation is considering acquiring deerson corporation for 40000. deerson has
Suppose the standard for a given cost during a period was : suppose the standard for a given cost during a period was 80000. the actual cost for the period was 72000. under what
What do you consider to be the greatest environmental : answer both questions with a minimum of 70 words per question1gene based therapies can now be used to successfully
Annies arts and crafts store is interested in acquiring the : ideas inc. uses the perpetual inventory method. last month archer supply returned 1000 frames to ideas that were
Yu can buy xz company stock at 30 a share or 3000 for 100 : options. you can buy xz company stock at 30 a share or 3000 for 100 shares. you can acquire a 33 3-month call for 400.
Xyz company has an opportunity to purchase an asset that : 1 a cost centera.incurs expenses earns revenue and is evaluated using return on investment.b.needs no managerial

Reviews

Write a Review

Accounting Basics Questions & Answers

  The recession that started in 2008 had devastating

the recession that started in 2008 had devastating implications for employment. but one surprise was that for some

  Question regarding mortgage calculations

Mr. and Ms.Ostedt have just purchased an $80,000 home and made a 25% down payment. The balance can be amortized at 10% for 25 years.

  How should euker account for anticipated insurance recovery

Euker's legal counsel has determined that under Euker's property and casualty insurance policy, Euker is entitled to insurance recovery for the fair value of the manufacturing plant in excess of the deductible, and that such recovery is probable.

  Determine expected net income and net cash flow for each

cortino company is planning to add a new product to its line. to manufacture this product the company needs to buy a

  Determine the bad debt expense

Spock Corporation's unadjusted trial balance at Dec 31, 2007, included the following accounts. Spock Corporation estimates its bad debt expense to be 1.5% of net sales.

  On january 1 2013 solo inc issued 1400 of its 10 1000 bonds

barbara muller services bms pays its employees monthly. the payroll information listed below is for january 2013 the

  Determine the effect on the accounting equation upon

a company issued 10-year bonds with a par value of 20000000 and an 8 annual face .the issue price of the bond issue was

  Should the firm borrow the funds

Regis Clothiers can borrow from its bank at 17 percent to take a cash discount. The terms of the cash discount are 3/19, net 45. Should the firm borrow the funds?

  Calculate red dpad for the current year

Red Corporation manufactures hand tools in the United States. For the current year, the QPAI derived from the manufacture of hand tools was $1 million. Red's taxable income for the current year was $1.5 million. Last year, Red had an NOL of $800,0..

  Determining taxable income-cash dividends from stocks

Wilma is a widow, age 80 and blind, who is claimed as a dependent by her son. During 2010, she received $4,800 in Social Security benefits, $2,200 in bank interest, and $1,800 in cash dividends from stocks. Wilma's taxable income is ??

  Amounts to be recorded for the building

Also, the partnership will assume responsibility for a $30,000 note secured by a mortgage on that building. Wright will invest $50,000 cash. For the partnership, the amounts to be recorded for the building and for Chen's Capital account are ??

  Write down a 3-4 page apa format paper on how a company

write down a 3-4 page apa format paper on how a company might overstate performance and why it can occur. also discuss

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