Why manager find a flexible-budget analysis more informative

Assignment Help Accounting Basics
Reference no: EM132449592

Variance Analysis

Write an analytical summary of your learning outcomes In addition to your analytical summary, address the following:

a. As a manager, discuss how you would use or have used the concepts

b. Why might managers find a flexible-budget analysis more informative than static-budget analysis?

c. How might a manager gain insight into the causes of flexible-budget variances for direct materials, labor, and overhead? Provide at least one numerical example to support your thoughts.

Reference no: EM132449592

Questions Cloud

Describes various financial analysis methods : Describes various financial analysis methods. Explains how and why each method would be used in an organization's financial review process.
Essay on role of accounting in global operating environment : Write an essay on the role of accounting in a global operating environment with the following elements: Limitations of financial reporting
Connection between employment and education discrimination : Why should employers notdiscriminate in making employment decisions based on a person's race, color, national origin, religion, sex, disability status, or age?
Define cash and accrual basis of accounting : Define cash and accrual basis of accounting. Provide examples and references of when each basis is used. What are the different basis of accounting
Why manager find a flexible-budget analysis more informative : How might a manager gain insight into the causes of flexible-budget variances for direct materials, labor, and overhead?Why manager find a flexible-budget
Preparing an income and retained earnings statement : Question - Preparing an income statement, retained earnings statement, and balance sheet for the following in excel
Assess risks that inherent in automating manual accounting : Assess the risks that are inherent in automating manual accounting systems to an IT environment, giving consideration to the factors
What is the concept of normal balance : Why would a deposit to your bank account appear as a credit when a debit normally increases the cash account? What is the concept of Normal Balance
What internal risks to company financial performance : How might the organization better capitalize on nonfinancial factors such as market share, reputation, human resources, physical facilities, or patents?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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