The reason we use the words unfavorable and favorable when

Reference no: EM13351963

The reason we use the words unfavorable and favorable when computing variances is made clear when we look at the closing of accounts. To see this, consider that: all variance accounts are closed at the end of every period (temporary accounts), a favorable cost variance is always a credit balance, and an unfavorable cost variance is always a debit balance.

Prepare a one page memorandum to your instructor with three parts that answers the three subsequent requirements.

Does Cost of Goods Sold decrease or increase when concluding a favorable variance? Does gross margin increase or decrease when a favorable variance is closed to Cost of Goods Sold? Describe.

Does Cost of Goods Sold decrease or increase when finishing an unfavorable variance? Does gross margin increase or decrease when an unfavorable variance is closed to Cost of Goods Sold? Describe.

Describe the meaning of a favorable variance and an unfavorable variance.

Reference no: EM13351963

Questions Cloud

Q1 peter and sally enter a bus and two adjacent cramped : q1. peter and sally enter a bus and two adjacent cramped seats are free. they must decide whether to sit or stand.

Qfuji konica agfa and 3m from a technical viewpoint there : q.fuji konica agfa and 3m. from a technical viewpoint there was little difference in the quality of color film produced

Q consider a market where demand is p10-2q and supply is : q. consider a market where demand is p10-2q and supply is pq2. there is a consumption positive externality of 2.5unit

Q john phillips in 1860 used the idea of sedimentation to : q. john phillips in 1860 used the idea of sedimentation to estimation the earths age. based on the rate of

The reason we use the words unfavorable and favorable when : the reason we use the words unfavorable and favorable when computing variances is made clear when we look at the

Q 1 explain three things that a paleontologist must do to : q. 1. explain three things that a paleontologist must do to plan a fossil hunting expedition so that he is likely to

At his death dr heinz doofenshmirtz held various patents : at his death dr. heinz doofenshmirtz held various patents for evil inventions. these patents were valued at 400000

Q1 in one beaker you mix triglycerides with the water in a : q1. in one beaker you mix triglycerides with the water. in a second beaker you mix phospholipids with the water. you

A do you consider that cash inflows and outflows related : a. do you consider that cash inflows and outflows related with non-operating items such as interest expense dividend

User Account

All Pages