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Important Points Regarding to the Variance Analysis
Variance reporting concentrates on both with favourable and unfavourable variances. Normally unfavourable variances are punished on the responsible persons whereas favourable variances are rewarded. Conversely, it is a rule of thumb but not usually the case. Keep in mind that an unfavourable variance might arise because of factors beyond the employee's or manager's control, whether in case you can't punish that person: quite, you have to explain the unfavourable variance in terms of the uncontrollable factor of alternatively adjust the standard to incorporate the changed circumstances. The similar case can be argued for favourable variances.
RC School District has a large number of students in need of remedial instruction. The superintendent of RC School System can allocated her budget between purchasing X units of re
The follow data relates ot year 20XX for Plano Manufacturing Company: Units produced - 2,000 Units sold - 1,800 Selling price - $200 / per unit Direct material costs - $80,000 Dire
Expenses are usually recorded only while they are paid. The failure to record unpaid expenses in the accounts outcomes in an understatement of which expense and also an understatem
The San Carlos Company is an electronics business with eight product lines. Income data for one of the products (XT-107) for June 2011 are as follows: Revenues, 200,000 units at av
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Assume B, G and T are in real terms (and in billions of dollars). B t-1 = 1000 G t = 220 T t = 200 i t = .15 π t = . 10 a) Calculate th
prepare cost accounting sheet
Banana Corporation had the following transactions relating to a patent: January 1, 2010: Purchased patent for $2,000,000. The patent had fifteen years remainnig although Banan
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