Spending variance or volume variance

Assignment Help Business Management
Reference no: EM133150328

Brandt Gardner, the owner-manager of a small firm that manufactures feed processing equipment and round-hay bailers, is unhappy with the latest report on financial performance in the Kansas City, Missouri, plant. The company had recently installed a standard cost system in the Kansas City plant with the objective of controlling manufacturing costs. The performance report for the year ended revealed that the variances for materials, labor, and variable overhead were all within the desired ranges, but the fixed overhead spending and volume variances were both significantly unfavorable. Brandt wanted an explanation of the fixed overhead variances and a recommendation.

Which do you think is more important for control of fixed overhead costs: the spending variance or the volume variance? Explain.

Reference no: EM133150328

Questions Cloud

Target market and promotion : Name a product brand that you consider yourself loyal to or that you were once very loyal to. Describe how the promotion of the product keeps or kept you loyal
What is the context of turning off dining in : What is the context of "Turning Off, Dining In"? How would you describe the author's style and tone?
Filter bubbles and customer location data : Do you agree with phone companies sharing their customers' information with third-party companies? Read the article" Measuring the Filter Bubble:
Competitive environment of supermarket industry : Analyze the competitive environment of the supermarket industry in Hong Kong and the competitive response of the two leading supermarket chains.
Spending variance or volume variance : Which do you think is more important for control of fixed overhead costs: the spending variance or the volume variance? Explain.
Current trend in health care impacting organizational change : What are some current trends in health care impacting organizational change? What do you predict will happen with these trends in the future?
Navigating organizational change : Explain the importance of continuing education regarding organizational change. Explain barriers to change and how to address the barriers.
Time value of money in the corporate setting : Discusses the application of time value of money in the corporate setting.
Showdown between instrumentalists and determinists : Explain the showdown between the instrumentalists and the determinists.

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

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