Provide a short report to management

Assignment Help Managerial Accounting
Reference no: EM132966236

Question -

A) Explain why we introduce two types of variance, when understanding the variance between budgeted and actual use of costs.

b) If the budgeted cost of materials is 100 per unit, but the actual cost per unit is 80, and the budgeted quantity used is 1000 units, whilst the actual quantity used is 1250, provide a short report to management about what has happened.

Reference no: EM132966236

Questions Cloud

Determine the amount of gain : On April 1, 2020, 60% of the bond issue was reacquired and retired at 99 plus accrued interest. Determine the amount of gain (loss) on early retirement
Selecting a potential target market for export : Explain the criteria to be assessed when selecting a potential target market for export?
Development and implementation of the policy of healthcare : What government and nongovernmental actors play a role in the agenda-setting, development and implementation of the policy of healthcare?
Evaluate organisation pre-existing strategic : Evaluate your organisation's pre-existing strategic, business and operational plans, if available. Does your organisation have a pre-existing strategic
Provide a short report to management : The budgeted quantity used is 1000 units, whilst the actual quantity used is 1250, provide a short report to management about what has happened
Construct an efe matrix for an amazon : Construct an EFE matrix for an AMAZON. Explain the steps in the creation o the matrix as you create the matrix. Comment on the importance of assigning weights i
What does hines mean by the statement : What does Hines mean by this statement? Are conceptual frameworks an example of political action to ensure the legitimacy of the accounting profession
Opportunities and potential areas of business analytics : A successful data analytics project is the combined result of the various software/tools used as well as the domain knowledge and reasoning skills of the data a
What would be the expected return and beta of portfolios : What would be the expected return and beta of portfolios constructed from these two assets with weights in the S&P 500 of (i) 0; (ii) 0.25; (iii) 0.50;

Reviews

Write a Review

Managerial Accounting Questions & Answers

  What is the unit cost per equivalent unit in assembly

How many units were completed and transferred out of Assembly during February? What is the unit cost per equivalent unit in Assembly?

  Prepare the consolidation worksheet entries for x ltds

ACCT20073 - Company Accounting-Central Queensland University-Australia- Prepare the consolidation worksheet entries for 'X' Ltd's group at 30 June 2019.

  Find what is the flexible budget amount for direct material

Find What is the standard direct material cost for the actual material used? What is the flexible budget amount for direct material?

  Why historical cost accounting continues to be used

Why historical cost accounting continues to be used as a measurement basis within finanical reporting. Prepare financial accounts within annual reports

  Calculate equivalent units for materials and conversion cost

Using the weighted-average method, calculate equivalent units for materials and conversion cost. Reconcile the number of physical units.

  What is the gain or loss on the early retirement of the bond

Assuming all the bonds were reacquired on April 30, 2021, for P2,100,000, what is the gain or loss on the early retirement of the bonds.

  What proportion of machining activity is used by standard

Standard is assigned $630,000 in Machining cost, and $40,500 in Inspection cost. What proportion of Machining activity is used by Standard?

  Find what advice do have for helen bedru

Find What advice do you have for Helen Bedru? Support your response with sufficient and sound reasoning.Helen Bedru is the assistant controller of Cotton Cravat

  Compute the total credits on Marigold Corp trial balance

Marigold Corp.'s trial balance at the end of its first month of operations reported - Compute the total credits on Marigold Corp.'s trial balance

  Make the statement of cash flows for cardi company

Make the Statement of Cash Flows for Cardi Company using the indirect method. Loss on Sale of Plant Assets 20,000. Depreciation Expense 20,000

  Reduce the effectiveness of the system

Identify the problems that appear to exist in Ferguson and Son Manufacturing Company's budgetary control system and explain how the problems are likely to reduce the effectiveness of the system.

  Calculate acquisition cost of Petra Corporation investment

Calculate the acquisition cost of Petra Corporation's investment in Lindstrom Company on January 5, 2020. Make a schedule to support your answer

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