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Mama L [17]
1 year ago
7

Which of the following is not part of the flow of events in variance analysis: Multiple Choice

Business
1 answer:
IrinaK [193]1 year ago
3 0

Answer: a.Working to ensure that all variances are favorable.

Explanation:

Variance Analysis is an analysis of the difference between planned and actual numbers. For example of $599 was budgeted for bills but only $500 was paid, $99 would be the Variance.

Summing Variances up gives a picture of performance for a particular period of time in relation to if one has OVER -PERFORMED or UNDER-PERFORMED

The following are steps in Effective Variance Analysis Management

1. Identifying questions and their explanations

2. Preparing standard cost performance reports

3. Taking corrective and strategic actions

4. Computing and analyzing variances.

Option A is not included therefore it is the correct option.

If you require any further clarification do react or comment.

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Which statement regarding headings is accurate? Group of answer choices Headings provide visual distraction for readers; thus th
storchak [24]

Headings highlight information and improve readability.

<h3><u>Explanation:</u></h3>

Any documents readability can be improved with the usage of headings. The headings and sub headings of any documents helps in the representation of important concepts and also the ideas that are supporting those main concept. They help in enhancing the importance of the document through the proper visual representation.

The differences that we use in the text of the documents helps the readers in distinguishing the main concepts and ideas from the rest of the text in the documents. Thus, headings will be appearing in a little bigger size and helps in highlighting information and improving readability.

3 0
2 years ago
Decide which statement best reflects a proper attitude on the first day of work. a. I should point out other workers who are not
serious [3.7K]

Answer:

c. I should listen closely when people talk to me

Explanation:

On one's first day of work, the goal would be to learn as much as possible about the new job. This is why it is important to listen closely to what people are saying so as to know more about the business

4 0
2 years ago
For the year ended December 31, year 3, Colt Corp. has a loss carryforward of $180,000 available to offset future taxable income
Reika [66]
The answer is 234,000
5 0
2 years ago
Valera Corporation makes a product with the following standards for labor and variable overhead: Standard Quantity or Hours Stan
Gemiola [76]

Answer:

213 Unfavorable

Explanation:

Given that,

Direct labor-hours used to produce this output = 2,130

Actual variable overhead rate = $6.10 per hour

Variable overhead per hour = $6.00

The variable overhead rate variance for July:

= Direct labor-hours used to produce this output × (Actual variable overhead rate per hour - Variable overhead per hour)

= 2,130 × ($6.1 - $6)

= 213 Unfavorable

5 0
1 year ago
e Arlington Motor Pool Internal Service Fund had the following transactions and events during January 2018. Using the "Additiona
Akimi4 [234]

Answer:

Journal Entries

1) Debit Salaries Expense $6,667 Credit Bank $6,667

2) Debit Fuel and Maintenance expense $600, Credit Bank $600

3) Debit Depreciation Expense $amount Credit Accumulated depreciation $amount

4) Debit Insurance Expense $amount Credit Bank $amount

5) Debit Benefit Expense $amount Credit Accrued Benefit Expense $amount

6) Debit Accounts Receivable ( total of all trips) $amount Credit Service Revenue $amount

Explanation:

The Question is incomplete but i will do the typical journal entries to the transactions without figures.

1) The salaries are for one month and in brackets there is a $80,000*1/12 calculation meaning the $80,000 is for the year, now if it was already recorded then we debit salaries payable $6,667 credit bank $6,667

4) Insurance expense is debited if it is paid as it is incurred but if it has an Prepaid insurance account then we credit the Prepaid insurance account instead of Bank.

4 0
2 years ago
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