What could have been done to produce more favorable numbers

Assignment Help Accounting Basics
Reference no: EM131209076

The president of Coopie Awards was analyzing the actual and budgeted results of operations for the current year. She noticed several favorable variances and, in a meeting gave accolades to the production manager. She also noticed that the sales variance was unfavorable and spent considerable time questioning the sales vice president. She stated "if production hadn't managed costs so well to cover for your lack of sales we would have racked up quite a large net loss for the year."

Do you agree with the president? Please explain your point. Where were costs in line and where were they out of line? What could have been done to produce more favorable numbers? Study the last tab of your assignment spreadsheet and complete a flexible budget on the tab. Please complete this tab before submitting your assignment to the drop box so your instructor can see your flexible budget.

Reference no: EM131209076

Questions Cloud

Explain the particular importance of each to organization : Give a brief overview of the primary external influences to which the organization is subject and briefly explain the particular importance of each to the organization. This first task should contribute no more than one third of your overall repor..
How would a low-cost price leader enforce its leadership : How would a low-cost price leader enforce its leadership through implied threats to a rival? How does a firm become a "low cost" price leader? Discuss the specific type of market structure that implied threat strategy can be adapted.
What is the minimum expression for the function : Fill in the Karnaugh map for the function defined in the truth table of Figure P13.41.
What are yorgis monthly payments on the mortgage : Yorgi obtained a $250,000 mortgage with a fixed rate of 5.6% and a 20-year maturity. -What are Yorgi's monthly payments on the mortgage?
What could have been done to produce more favorable numbers : What could have been done to produce more favorable numbers? Study the last tab of your assignment spreadsheet and complete a flexible budget on the tab.
What environmental issues the new belgium company work : HC2121 Comparative Business Ethics and Social Responsibility Assignment - Group Case Study. What environmental issues does the New Belgium Brewing Company work to address? How has NBB taken a strategic approach to addressing these issues? Why do yo..
Determining the cultural proficiency : The discussion was on the Cultural Diversity chapter. You'll need to post a summary of the chapter on blackboard for discussion credit
Draw the karnaugh map and truth table for the function : Draw the Karnaugh map and truth table for the function.
Calculate the expected returns of your portfolio : Calculate the expected returns of your portfolio.- What are the percentage returns?- What is the portfolio's expected returns?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Statements according to international financial

1.Air France KLM (AF), a French company, prepares its financial statements according to International Financial Reporting Standards.

  The manager of a car wash received a revised price list

the manager of a car wash received a revised price list from the vendor who supplies soap and a promise of a shorter

  Determine the present value of your winnings

The payments will be made on December 31 of each year, beginning on December 31, 2012. If the current interest rate is 6.5%, determine the present value of your winnings.

  Abstract corporation uses demand explicitly in its

abstract corporation uses demand explicitly in its cost-volume-profit model. it has determined that the demand it faces

  Mean or the median to summarize the center

McGwire, again. Look once more at data of home runs hit by Mark McGwire during his 16-year career as seen in Exercise 34. a) Would you use the mean or the median to summarize the center of this distribution? Why?

  Assume that gasoline costs 360 per gallon and you plan to

anonymous answer rating percentage100answers rated hybrid cars are touted as a green alternative however the financial

  The mission of the financial accounting standards board

"The mission of the Financial Accounting Standards Board is to establish and improve standards of financial accounting reporting for the guidance and education of the public, including issuers, auditors, and users of financial information.

  Why do you say that marie

I was not aware that our managers are unhappy about the allocation of our indirect costs. I'll have to look into this.Marie Walters has approached you for some advice. What advice would you give her?

  Operating leverage-roe-eva

Explain what operating leverage, ROE, EVA are and how they measure performance. Pick another performance measure of your choice and explain it as well.

  Costs incurred during this period

On February 1, 2010, Edwards Corporation purchased a parcel of land as a factory site for $50,000.

  Series of regressions of firm value changes

You have run a series of regressions of firm value changes at Motorola, the semiconductor company, against changes in a number of macroeconomic variables. The results are summarized here:

  Stonehenge inc a manufacturer of landscaping blocks began

stonehenge inc. a manufacturer of landscaping blocks began operations on april 1 of the current year. during this time

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