Can we say that manager has done good job in controlling

Assignment Help Financial Accounting
Reference no: EM13876918

1. Explain primary reasons why actual direct materials cost for a given period would be different from direct materials cost contained in the master (static) budget that was prepared before the start of the period.

2. Verbatim Company's budget for last year included $80,000 for variable costs. The total actual variable costs for the period were $72,000. Can we say that the plant manager has done a good job in controlling these costs if actual production was 80 percent of budgeted production?

Reference no: EM13876918

Questions Cloud

Key aspects of persuasive speaking : The purpose of this speech is for the student to successfully demonstrate their knowledge of the key aspects of persuasive speaking through the use of a persuasive design, research and logical arguments
Why does management need to separate direct labor variances : Why does management need to separate direct labor variances into rate and efficiency components? Which is a firm use as the standard in assessing production efficiencies.
Compute the corresponding sqnr : For f0 = 1/50 and N = 200, write a program to quantize the signal x(n), using truncation, to 64, 128, and 256 quantization levels. In each case plot the signals x(n), xq(n), and e(n) and compute the corresponding SQNR.
Describe eriksons stage briefly : Who do you think is more complete in describing what it takes for the grade school child to develop mastery and competence, Erik Erikson (Industry versus Inferiority) or Albert Bandura (Social Learning Theory and Self-Efficacy)? Describe Erikson's..
Can we say that manager has done good job in controlling : The total actual variable costs for the period were $72,000. Can we say that the plant manager has done a good job in controlling these costs if actual production was 80 percent of budgeted production
Different voltage levels : A digital communication link carries binary-coded words representing samples of an input signal xa(t) = 3 cos 600pt + 2 cos 1800p.The link is operated at 10,000 bits/s and each input sample is quantized into 1024 different voltage levels.
Develop research design - plan for conducting research : Develop a research design - that is, a plan for conducting research - that would enable you to report to the city council on the potential costs and benefits of the proposed ordinance.
Show that a is the output elasticity of labor-eql : Assume a firm with the production function Q = AKα Lβ . Show that α is the output elasticity of labor, EQL , and β is the output elasticity of capital, EQK .
Do you think that news in newspapers contributed to racism : Do you think that news in the newspapers contributed to racism and/or prejudice that society had towards BOTH the Japanese people and the Mexican people during World War 2? Why or why not? How

Reviews

Write a Review

Financial Accounting Questions & Answers

  Evaluate the correct amount for the ending inventory

the seller normally pays for shipping. Begin with the $34,500 inventory amount and compute the correct amount for the ending inventory. Explain the basis for your treatment of each of the preceding items.

  How many units will the company have to sell

If the company is able to reduce variable costs by $2.50 per unit in 2012 and other costs and unit revenues remain unchanged, how many units will the company have to sell in order to earn a net profit of $60,000?

  Tarass inc is an accrual-method calendar-year corporation

tarass inc. is an accrual-method calendar-year corporation. tarass inc. did not qualify for the domestic production

  What other services bedsides traditional accounting

The senior partner of an accounting firm is looking for ways to increase the firm's business. What other services bedsides traditional accounting can the firm offer to its clients? What new challenges might this additional work create?

  Firms official offices located to have such a designation

Foreign corporation registered in the State of Illinois. Where are this firm's official offices located to have such a designation?

  Prepare a consolidated balance sheet

Prepare a consolidated Balance sheet and journal entries from the data - Balance Sheet of Big as of 2006

  Temporary investments such as in trading securities

Temporary investments such as in trading securities are

  Nbspnbspredrafting contribution margin statementsaustins

nbspnbspredrafting contribution margin statements.austins shooters inc. operates a paintball course where customers can

  Prepare entry to record interest-effective interest method

On February 1, 2011, Lagune & Sons issued 9% bonds dated February 1, 2011, with a face amount of $200,000. The bonds sold for $182,841 and mature in 20 years. The effective interest rate for these bonds was 10%. Interest is paid semi annually on July..

  Determine departmental overhead rate

Determine the total cost allocation and departmental overhead rate for the producing departments using the direct method. Show your work and producing departments using the step-down method.

  Prepare the appropriate journal entry to record income taxes

In 2013, Ryan Management collected rent revenue for 2014 tenant occupancy. For financial reporting, the rent is recognized as income in the period earned, but for income tax reporting it is taxed when collected. The unearned portion of the rent colle..

  Actual sales values at split-off point for joint products y

actual sales values at split-off point for joint products y and z are not known. for purposes of allocating joint costs

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