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1 year ago

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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Answer

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Step-by-step explanation:

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1 year 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

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

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1 year ago

Suppose that a worker in Cornland can grow either 40 bushels of corn or 10 bushels of oats per year, and a worker in Oatland can

mezya [45]

Answer:

The answer is B) 340 bushels of corn and 500 bushels of oats.

Explanation:

Cornland´s workers have a comparative advantage in the production of corn, each worker can grow 40 bushels per year. Since Cornland has 20 workers in total, its maximum possible output of corn bushels would be 800 (20x40=800).

Oatland´s workers have a comparative advantage in the production or oats, each worker can grow 50 bushels per year. Since Oatland has 20 workers in total, its maximum possible output of oats bushels would be 1,000 (20x50=1,000).

Currently both countries combined are producing 460 bushels of corn (400+60=460) and 500 bushels of oats (100+400=500). If each country specializes in the production of the good in which they have a comparative advantage, then their total combined output would increase by 340 bushels of corn and 500 bushels of oats.

Corn: specialized production - current production = 800-460 = 340 bushels
Oats: specialized production - current production = 1,000-500 = 500 bushels

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2 years ago

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Answer:

26%

Explanation:

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Colt1911 [192]

Answer:

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