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How do you calculate material price variances and what are the possible reasons for such variances?
Following are the causes of material price variance: 1.There could have been recent changes in purchase price of materials. 2.Price variance can be due to substituting raw materials different from the original material specification. 3.Price variance can be attributed to the non availability of cash discounts which was originally anticipated at the time of setting the price standards. 4.Changes in transportation costs and storekeeping costs can also be contributing factors to material price variance.
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What are Possible reasons for the unfavourable efficiency variances in the period Direct material efficiency variance?
Changes in quality of inputs from manufacturer.
Are Favorable flexible-budget variances good?
Yes, favorable flexible-budget variances are generally considered good because they indicate that a company is managing its costs effectively and performing better than expected. This means that actual revenues are higher or expenses are lower than budgeted, leading to improved profitability. However, it's essential to analyze the reasons behind these variances to ensure they are sustainable and not due to temporary factors.
What is various possible reasons for thread not entering in nut?
what are various possible reasons nut not entering in thread
What Activities are performed in variance analysis?
Variance analysis involves comparing actual financial performance against budgeted or forecasted figures to identify discrepancies. Key activities include calculating variances, investigating the reasons for these differences, and categorizing them into favorable or unfavorable variances. Analysts then assess the impact of these variances on overall performance and may recommend corrective actions to improve future financial outcomes. This process helps organizations make informed decisions and optimize resource allocation.
What are two possible reasons why mount Kilimanjaro's snow is melting?
two possible reasons are its hot and the mountain might be to high
What are the possible reasons for Neddy's journey?
He was gay.
What are the two possible reasons the last hole is about to be dug?
The two possible reasons the last hole is about to be dug could be for construction purposes or for planting a tree.
Possible reason why thomas edison horse powered minibus isn't bring used today?
The shrink ray used to make horses small enough to fit into the engine (going from life sized to 1/10 the size) was far more expensive than modern cars. Some people also thought it cruel to shrink horses despite the fact that it was easier to feed them. It was also far easier to clean up after them when they were smaller.
What are the possible reasons for my cat's hair loss around the neck area where the cat collar is worn?
Possible reasons for your cat's hair loss around the neck area where the cat collar is worn may include irritation or allergic reaction to the collar material, friction or pressure from the collar rubbing against the skin, or a skin infection. It is important to consult a veterinarian for a proper diagnosis and treatment.
If an ecosystem has experienced a recent decrease in its plant populations what are some possible reasons for the decline?
Some possible reasons are:bad weatherdiseasetoo many predatorsinvasive species
Is faster-than-light travel possible?
So far, this has not been achieved; there are reasons to suppose that it will never possible.So far, this has not been achieved; there are reasons to suppose that it will never possible.So far, this has not been achieved; there are reasons to suppose that it will never possible.So far, this has not been achieved; there are reasons to suppose that it will never possible.
Is it possible for a human to have more than one father?
Yes it is for a couple of reasons it is possible.
