Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Explain variances
Variances are the difference between actual costs and standard cost during an accounting period. It refers to variation of actual results with planned results. Variance analysis is a systematic process which analysis and interprets the variances. It refers to the break down of the total variances into different components. Normally, variances can take tow forms namely:
1) Favorable variances: when actual costs are less than the standard costs; and
2) Unfavorable variances: when actual costs exceeds the standard costs.
Sometimes actual results are just equal to planned results, the situation is known as zero variance.
The firm's require holding cash may be attributed to the three motives specified below: The transaction motive The precautionary motive The speculative motive.
5
Kibble Company had the following functional income statement for the month of July 2011: Kibble Company Functional Income Statement For the Month Ending July 31, 2011 Sales ($40 x
I am to write thesis on Budget and Budgetary Contro. Can you please help me with contents and notes?
Answer each of the following independent questions in the space provided on page 11. Round all computations to the nearest dollar. a) Company A deposited $15,000 in a savings ac
Battle of the Sexes game To understand Battle of the Sexes game, let’s consider a story as follows: Two players (a couple) wish to go to an event together but disagree about
Assigning Costs and Assets After identifying its value chain, a firm must assign operating activity and assets to value activities. Operating costs must be assigned to the act
Computation of Working Capital Required 1. Operating Cycle Period = M+W+F+D-C = 101.38 +2
5 application areas of linear programing in management accounting
Minimal Regret Criterion : This method seeks to minimize the maximum regret that would occur from choosing a particular strategy or alternative. The regret is the opportunit
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!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd