User Account

All Pages

What are the interpretations of each phrase

Assignment Help Managerial Accounting
Reference no: EM132933377

Question - Pathmark, Incorporated, uses a costing system with standard costs for direct materials, direct labor, and overhead costs. There are two comments frequently mentioned by managers at the company in relation to standard costing and variance analysis: "Variances are not explanations" and "Management's goal is not to minimize variances." What are the interpretations of each phrase?

Reference no: EM132933377

Questions Cloud

What price must you expect evco stock to sell : What price must you expect Evco stock to sell for immediately after the firm pays the dividend in one year to justify its current price
Determine if should undertake project : Use the Adjusted Present Value Method (APV) to determine if they should undertake project. Gemini Inc an all equity firm, is considering a $1.9 million
Describe the intention and content of the article : Reviewing, a statement of the purpose for your report and a brief outline of how you will discuss the selected article (one or two paragraphs)
Which statement is not a relevant consideration : Which statement is not a relevant consideration when evaluating a potential conflict of interest in connection with a merger involving your audit client?
What are the interpretations of each phrase : "Variances are not explanations" and "Management's goal is not to minimize variances." What are the interpretations of each phrase
Produce a potential of 65 mv : In compare with the resting potential of about -65 mV is due to some channels being open all the time. These channels are different than the voltage-gated chann
What is the correct cash balance that should be reported : Note collected by the bank $1,800, What is the correct cash balance that should be reported in the company's balance sheet at the end of the year?
Explain hardy-weinberg equilibrium : In a population that meets Hardy-Weinberg equilibrium, 25%have the dominant phenotype. How many individuals are heterozygous for this trait in a population of 1
Prepare schedule of cost of goods manufactured : Acromould Fabrication manufactures a variety of products in its factory. Prepare schedule of cost of goods manufactured

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Which would be an argument for the use of net book value

Which of the following would be an argument for the use of net book value in the computation of operating assets in return on investment calculations?

  What is the per unit opportunity cost of lost sales

What is the per unit opportunity cost of lost sales if the internal transfer takes place? Division W of Sage Ltd. currently buys 24533 units of A12 yearly

  How the entry to close the manufacturing overhead

Hill Construction Company uses a job-order costing, Explain how entry to close the Manufacturing Overhead account would affect the Cost of Goods Sold account.

  How much labor cost is in the work in process inventory

If jobs in the work in process inventory on 1/31/20 contain $38,000 of materials, how much labor cost is in the work in process inventory on 1/31/20?

  Determine and solve the cost of goods sold account

Determine and Solve the cost of good sold account.Assuming under applied or over applied overhead is transferred to cost of goods sold at the end of the period.

  What are the monthly operating costs

Using the high-low method, what are the monthly operating costs if 900 units are sold? unit sales and total operating costs for Company C.

  Compute the simple rate of return promised by the outlet

Do a contribution format income statement that shows the expected net operating income each year from the franchise outlet.

  Determine the assigning costs to products

Assigning Costs to Products: Weighted Average Method. Sydney, Inc., uses the weighted average method for its process costing system

  What is the minimum transfer price if division is operating

What is the minimum transfer price if the division is operating at? capacity? Sandpiper Inc. has a division that manufactures a component that sells for $150

  Calculate each raw material seperately

Creating the direct material budget. Calculate each raw material seperately or sum them "all in one" in the DIRECT MATERIAL BUDGET ?

  Implement systems to plan and control business operations

HA2011 - Management Accounting - Case Study – Balanced Scorecard - Implement systems to plan and control business operations and prepare a report for the client

  Which total cash flow from investing activities normally be

In a growing business that keeps its asset base up-to-date, total cash flow from investing activities will normally be? more than cash flow from operations

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