Fixed manufacturing overhead budget variance is?
There is a variance.
Total Manufacturing Cost = Direct Material + Direct Labor + Factory Overheads Prime Cost = Direct material + Direct Labor Conversion Cost = Direct Labor + Factory Overhead So yes prime cost and conversion cost is equal to total manufacturing cost
balanced budget
Cyclical.╓­­­■Taxen■╖
The total manufacturing costs for the period
There is a variance.
manufacturing supplies is equal to factory overhead
Equal in Variance
Variance cannot be negative.
Equal Variance
Yes; when the variance is one.
A budget is all expenses of the performances which has done by actual forecasting in front of the income and sources but balance sheet is a sheet that we appear what we have and both sides of balance should be equal and shows the situation of a company but budget shows the estimation of the costs!
The variance
Equal Variance
False. The standard deviation of a set is the square root of the variance, so it is not always smaller; in fact, it is always less than or equal to the variance when the variance is positive. The standard deviation can be equal to the variance only when the variance is 1 (since the square root of 1 is 1).
You cannot prove it because it is not true.The expected value of the sample variance is the population variance but that is not the same as the two measures being the same.
yes