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volume variance relates to Fixed cost absorption, where as controllable variances arise due difference in actual variable spending per activity measure.
causes of labor rate variances
Comparing actual result to that of the budget so as to correct significant variances
Direct labor budget utilized to compare the actual direct labor cost and standard cost for specific task and for controlling purpose so that if there are variances those variances could be eliminated to bring the actual cost to budgeted cost.
A favorable direct materials efficiency variance indicates that you are using less material in production than was budgeted for.
total master-budget variances
Favorable disposition to the US
volume variance relates to Fixed cost absorption, where as controllable variances arise due difference in actual variable spending per activity measure.
Ratios!! Compare the various ratios with last year's cash flow statement and balance sheet, and look at variances. Then determine why these variances have occurred. Also compare budgeted cash flow to actual cash flow and determine whether these were favorable or u favorable, and again determine why. Please note different industries have different norms for ratios, ie liquid ratio for car sales would be different to supermarket. Good to compare to industry average or like business to determine ratios are on track or way off. This can be used as a management tool to determine action for the following financial periods.
should all variances be investigated
An F-test can be used for variances.
the both are very good.. but i think that dbz is more favorable \m/
Yes, that is good.
Adverse variances means unfavourable variance which is actual expenses are more than budgted variance.
walmart
It depends on if there is favorable weather.
Aid, encouragement and prosperity are all good options.