0
What else can I help you with?
If the controllable overhead variance is favorable the overhead volume variance?
volume variance relates to Fixed cost absorption, where as controllable variances arise due difference in actual variable spending per activity measure.
Causes material quantity variance?
causes of labor rate variances
What is budgetary requirements?
Comparing actual result to that of the budget so as to correct significant variances
What are the uses of a direct labor budget?
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.
What effect would you expect poor-quality materials to have on direct labor variances?
Poor-quality materials are likely to increase direct labor variances negatively. Workers may spend more time addressing defects, reworking, or adjusting processes to accommodate subpar materials, leading to higher labor costs and inefficiencies. This can result in unfavorable labor efficiency variances, as actual labor hours may exceed standard expectations due to the complications arising from using low-quality inputs.
Should only unfavorable variances be investigated?
No, both unfavorable and favorable variances should be investigated. While unfavorable variances indicate areas where performance is lacking and may require corrective action, favorable variances can highlight opportunities for efficiency and best practices that can be leveraged further. Analyzing both types of variances provides a comprehensive understanding of performance and can inform better decision-making.
What does activity-level variances plus flexible-budget variances equal?
total master-budget variances
What does the government mean by good moral character and favorable disposition to the us?
Favorable disposition to the US
If the controllable overhead variance is favorable the overhead volume variance?
volume variance relates to Fixed cost absorption, where as controllable variances arise due difference in actual variable spending per activity measure.
How do you calculate the efficiency of statement of cashflows?
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.
The variances that should be investigated by management include?
should all variances be investigated
What is favorable and unfavorable budget variance?
A favorable budget variance occurs when actual financial performance exceeds budgeted expectations, typically leading to higher revenues or lower expenses than planned. Conversely, an unfavorable budget variance arises when actual performance falls short of budgeted projections, resulting in lower revenues or higher expenses. Both types of variances are important for financial analysis, as they help organizations assess their operational efficiency and make necessary adjustments for future budgeting. Understanding these variances aids in strategic decision-making and resource allocation.
When comparing two variances or standard deviations is an f-test is used?
An F-test can be used for variances.
Is a positive variance favorable?
Yes, a positive variance is generally considered favorable in financial and performance analysis. It indicates that actual results are better than expected, such as higher revenues or lower costs than budgeted. This can lead to increased profitability and improved overall performance for an organization. However, context matters, as not all positive variances are beneficial in every situation.
What are adverse variances?
Adverse variances means unfavourable variance which is actual expenses are more than budgted variance.
Is dbz good or dbgt?
the both are very good.. but i think that dbz is more favorable \m/
Is burning away an oil spill a good idea?
It depends on if there is favorable weather.
