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Problem 1: What is material price variance explain the condition when material price variance is favorable and unfavorable explain with examples ?
Problem 2: what is material quantity variance explain the condition when material quantity variance is favorable and unfavorable examples?
Problem 3: If the materials price variance is favorable but the material quantity variance is unfavorable, what might this indicate?Explain this with two relatable example numerically and also explain in Theoretically way how you have done your examples.
What are the 2 alternatives. List the relevant costs of internally providing the service and externally purchasing them from the other organization
Write a short essay on how management accounting can help the managers of an organization to run their business efficiently and prepare a report for Johnson explaining the errorshe made in his income statement
Find transfer of production from Department × to Department Y. The recording of manufacturing costs incurred in Department Y during May
An important assumption in using Activity-Based-Costing (ABC) is that? all costs are pushed through each process when customer orders are received.
For each cost, indicate whether it would most likely be classified as direct labor, direct materials ,manufacturing overhead, selling, or an administrative cost
What will be the total relevant cost of 32,000 subassemblies if they are manufactured internally as compared to being purchased?
Discuss and explain the various types of budgets needed to be prepared - Discuss and explain what information that is available will be used
What is the variable utilities cost per machine hour and what is the fixed cost of utilities each month - If Meyer Company uses 1,280 machine hours in a month
Determine the predetermined shop overhead rate per direct labor hour. Round the answer to nearest whole cent. determine cost of performing engine repair work
The company employs 10 persons to work on the production of Fruta. During June, each worked an average of 160 hours at an average rate of $12.50 per hour.
Compute the equivalent units for materials using the weighted-average method and evaluate the equivalent units for conversion costs using the weighted-average method.
What factors might explain the difference in the P/E ratios of these companies? The price/earnings ratios of four companies from the same industry
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