User Account

All Pages

Describe the causes of the variance

Assignment Help Managerial Accounting
Reference no: EM132533866

Evaluating the performance of an organisation is a key aspect of managing and controlling it. Many organisations evaluate performance using financial measures which may include techniques such as variance analysis. Most organisations undertake a monthly variance analysis by comparing actual and budgeted revenues and expenses while some simply report the amount of these variances together with the overall profit/loss variance. However, a more thorough variance analysis identifies the causes of the variances by dividing the total variance into its various components.

Question 1. Explain the various components of an organization's overall profit/loss variance that describe the causes of the variance.

Question 2. How can non-financial performance measures enhance an organisation's financial performance measures?

Reference no: EM132533866

Questions Cloud

What you have learned about externalities : Based on what you have learned about externalities, can you think about examples other than the ones in the book and can you suggest an optimal solution?
Does the strategy make sense : Manager makes the statement that output should be expanded so long as average revenue exceeds average cost. What does this mean
What is one share of this stock worth today : Langley Enterprises pays a constant dividend of $0.85 a share. What is one share of this stock worth today if the required rate of return is 16.5 percent
Discuss development of written language and spoken language : Briefly discuss development of written language and spoken language. Describe how developmental delays or disabilities can affect children's speech and language
Describe the causes of the variance : How can non-financial performance measures enhance an organisation's financial performance measures?describe the causes of the variance.
Assess the asset composition of the company : As a consultant to an insurance company, you have been asked to assess the asset composition of the company.
Integrating viable sources and cultural differences : You will conduct initial research for a persuasive proposal. You read about some of the cultural differences between countries when communicating.
Write an informational report about the challenges : Write an informational report about the challenges of this method of learning and how they can be surmounted: you have also to dwell upon the changes students
Construct journal entries to record the incurrence : Construct journal entries to record the incurrence of production costs, completion of job number A26 and the shipment of 900 cuddly koalas

Reviews

Write a Review

Managerial Accounting Questions & Answers

  What circumstances would the npv method work

Compare two methods, providing strengths and weaknesses. Further, under what circumstances would the NPV method work better than the IRR method?

  How does this relate to the mean

If a stock gains 50 percent one year and then loses 50 percent of its value the next year, is it accurate to say that its mean growth over the full two-year period was (50 + 50)/2 = 0%? Explain.

  Calculate the total profits for the most profitable customer

Calculate the total profits for the most profitable customers - Determine the total and per-unit costs of manufacturing the Gas Cooker

  What is the minimum acceptable rate of return

What is the real risk free rate? Then, assume a beta of 1.2 and a market return of 5%. What is the cost of equity - what is the minimum acceptable rate of retur

  What is the direct labor cost variance

for Tip Top Corp. produces a product, what is the direct labor rate variance, direct labor time variance, and direct labor cost variance

  How many books does borders expect to sell at a discount

The marginal production cost for the publisher is $1 per book. How much profit does the publisher make given Borders actions?

  Define an activity based cost system

Define an Activity Based Cost System (ABC) and what it is used for - Discuss how an Activity Based Cost System can be used for a manufacturer of flat screen

  What is the accounts receivable balance at the end of july

What is the accounts receivable balance at the end of July? According to the production budget, how many units should be produced in July?

  Manufacturing facilities are arranged to reduce move time

Canon manufactures digital cameras and must compete on lean manufacturing concepts. Match each of the following activities that it engages in with the lean manufacturing concept it strives to achieve.

  Calculate the annual cost of manufacturing containers

Calculate the annual cost of manufacturing containers for comparison with the quote using relevant figures for establishing the cost or benefit of accepting the quote. Indicate any assumptions or qualifications you wish to make.

  Make cash flow statement using the indirect method

Adelphi Company for the fiscal years ended December 31, 2018 and 2017 follows. Prepare cash flow statement using the indirect method. Properly statement.

  What budgeted fixed overhead amount

What budgeted fixed overhead amount did the Cope Company use in calculating the overhead rate?

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd