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Q: What effect would you expect poor-quality materials to have on direct labor variances?
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Who do you contact at Petco for direct deposit?

First talk to your manager and they will give you a form to fill out. the form will be sent to the distric and it will take two to three pay periods for the direct deposit to come into effect.


With direct deposit how do you get the remaining part of your payroll check after the debt has been paid?

It depends on who is doing the depositing/withdrawing. If the person/company owed money set up the direct payment from your payroll check, it should automatically stop when the debt has been paid. However, if you set up the direct deposit, it will continue to go through to them until you stop it by re-doing your direct deposit through your employer. Usually it's a form you fill out that lists the accounts your check goes into and the amounts - you would just submit a new one and it could take up to two (usually) pay periods to go into effect. And then the company you owed money to should cut you a check for the overage when you contact them.


What effect does an extraordinary loss have on cost of goods sold?

Has no effect.


What information from a flexible budget is used to evaluate performance?

Using a Budget to Evaluate PerformanceSo, what happens when the period's over? At period end, it's time to determine whether we fell in line with our planned expenditures. That's when a flexible budget is used. A flexible budget is a budget with figures that are based on actual output. It's then compared to a company's static budget to get variances (differences) between what level of spending was expected and what actually occurred.With a flexible budget, budgeted dollar values (i.e. costs or selling prices) are multiplied by actual units to determine what particular number will be given to a level of output or sales. This yields the total variable costs involved in production. The second component of the flexible budget is the fixed cost. Typically, the fixed cost does not differ between the static and flexible budgets.There are tons of variances that can arise in the static budgeting system. The two most basic variances are the flexible budget variance and sales-volume variance. The flexible budget variance compares the flexible budget to actual results to determine the effects that prices or costs have had on operations. The sales volume variance compares the flexible budget to the static budget to determine the effect that a company's level of activity had on its operations. From these two budgets, a company can develop individual flexible and static budgets for any element of its operations. For example, the static budget variance is the difference between the static budget and the company's actual results. The variances are always classified as either favorable or unfavorable.If sales volume variance is unfavorable (flexible budget is less than static budget), the company's sales (or production with a production volume variance) will turn out to be less than anticipated. If, however, the flexible budget variance was unfavorable (the variance effects eventual cash flows negatively) this would be a result of price or cost. By knowing where the company is falling short or exceeding the mark, managers can do a better job of evaluating the company's performance and use the information to make changes to fu


Indirect Effects of a Change in Accounting Principle?

it is one of three effects of change in accounting principle (direct,indirect, and cumulative effects).The indirect effect of change in accounting principles are differences in non-discretionary items based on earnings (e.g bonuses) that would have occurred if the new principle had been used in prior years.quoted from Becker CPA

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Well, as an example, a direct effect would be a city being destroyed because of a tsunami. An indirect effect of that tsunami would be if jelly first population started thriving in the rubble of the flooded city. So, a direct effect is an immediate reaction due to the disaster while an indirect effect would be a reaction that is caused because of a direct effect of the disaster. 


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