A difference between actual costs and planned

Assignment Help Accounting Basics
Reference no: EM13396920

A difference between actual costs and planned costs.

  • should be investigated if the amount is exceptional.
  • indicates that the planned cost was poorly estimated.
  • indicates that the manager is doing a poor job.
  • should be ignored unless it involves the cost of ingredients.

Reference no: EM13396920

Questions Cloud

From your research and what you have learned identify three : to correctly identify opportunities and threats to their product marketing managers need to understand the marketing
Both export and import some of same products if : comparative advantage can explain why people pursue different occupations. it can also explain why countries produce
Does recycle price offered on aluminum cans over glass : why have soft drink firms chosen to use aluminum cans over glass bottles to fill its contents? how does the recycling
Why do economists emphasize efficiency as the significant : why do economists emphasize efficiency as an important goal of public policy? why is compensating volunteers to
A difference between actual costs and planned : a difference between actual costs and planned costs.should be investigated if the amount is exceptional. indicates that
Why does loss in total economic surplus directly : why does the loss in total economic surplus directly experienced by participants in the market for a good that is taxed
The economic surplus of retirees by 1 million per year what : you are a senator considering how to vote on a policy that would increase the economic surplus of workers by 100
Continental industries is a diversified manufacturing : continental industries is a diversified manufacturing company with a decentralized management structure. each major
Debt securities sold to investors that must be repaid at a : debt securities sold to investors that must be repaid at a particular date some years in the future are calledaccounts

Reviews

Write a Review

Accounting Basics Questions & Answers

  Equivalent annual salary problem

If he were to receive an equal salary at the end of each of the 5 years from 2009 to 2014, what would his equivalent annual salary be?

  What type of liabilities are these called

There are situations wherein a company faces a potential liability, but is not certain of all of the details associated with such potential liabilities.

  Net profits accrued as of date of termination

The division sale was completed in March 2010, and Employer refused to pay Employee any part of the net sale proceeds or any accrued net profits. Employee sued to collect her share of the net proceeds of the sale and the net profits accrued as of ..

  Prepare a schedule of cost of contract

Prepare a schedule of cost of contract services provided (similar to a cost of goods manufactured schedule) for the month. (List amounts from largest to smallest eg 10, 5, 3, 2.)

  Net income for the year amounted

The owner's equity in a business amounted to $56,000 at the beginning of the year and $100,000 at the end of the year. The owner had made no additional investments and had withdrawn $19,000 during the year. The net income for the year amounted to ..

  How to prepare a cash budget for october and november

Fabrice Corp. requires a minimum $6,200 cash balance. If necessary, loans are taken to meet this requirement at a cost of 1% interest per month (paid monthly).

  Which of the following is not the step in accounting

which of the following is not a step in the accounting process?

  What is the amount of the gain eligible for installment sale

Charlotte sold her unincorporated business for $360,000 in 2008. The sales contract allocated $150,000 to equipment, $110,000 to land, and $100,000 to goodwill.

  Regarding the efficient market hypothesis

Which of the following is true regarding the efficient market hypothesis?

  Income under absorption costing

During the year just ended, Kerry Company's income under absorption costing was $3,000 lower than its income under variable costing.

  Income statement for particular year

On December 1, 2002, Blake Inc. signed an operating lease for a warehouse for 10 years at $24,000 per year. Upon execution of the lease, Blake paid $48,000 covering rent for the first two years. How much should be shown in Blake's income statement..

  Suggest a process for evaluating the success of the new

suggest a process for evaluating the success of the new system and procedure for implementing software fixes and

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