Discuss whether Company F increases it unit sales by any other strategy or by cutting the prices

Question

Want to see the full answer?

Answer 1

Question

Definition Definition Measure used to estimate the difference between the budgeted and annual proportion for a specific accounting year. A favorable budget variance refers to positive variances or gains, while unfavorable or negative variances refer to a shortfall in the budget. A budget variance is indicative of the instances where the actual costs incurred are higher or lower than the estimated costs.

Chapter 8, Problem 1ATC

a)

To determine

Discuss whether Company F increases it unit sales by any other strategy or by cutting the prices

b)

To determine

Suggestion to improve the system by Person X

c)

To determine

Construct a flexible budget and reconstruct the budget variance

d)

To determine

The causes for the fixed cost to be different from the budgeted amount

e)

To determine

Discuss why Person C is not responsible for variance and discuss why he is responsible for material usage variance.

f)

To determine

Discuss whether labor usage variance is unfavorable or favorable if the labor price variance is unfavorable.

g)

To determine

Whether the fixed cost volume variance is unfavorable or favorable and discuss the effects of the variance on the cost per unit produced.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 2

Question

Definition Definition Measure used to estimate the difference between the budgeted and annual proportion for a specific accounting year. A favorable budget variance refers to positive variances or gains, while unfavorable or negative variances refer to a shortfall in the budget. A budget variance is indicative of the instances where the actual costs incurred are higher or lower than the estimated costs.

Chapter 8, Problem 1ATC

a)

To determine

Discuss whether Company F increases it unit sales by any other strategy or by cutting the prices

b)

To determine

Suggestion to improve the system by Person X

c)

To determine

Construct a flexible budget and reconstruct the budget variance

d)

To determine

The causes for the fixed cost to be different from the budgeted amount

e)

To determine

Discuss why Person C is not responsible for variance and discuss why he is responsible for material usage variance.

f)

To determine

Discuss whether labor usage variance is unfavorable or favorable if the labor price variance is unfavorable.

g)

To determine

Whether the fixed cost volume variance is unfavorable or favorable and discuss the effects of the variance on the cost per unit produced.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 3

Question

Definition Definition Measure used to estimate the difference between the budgeted and annual proportion for a specific accounting year. A favorable budget variance refers to positive variances or gains, while unfavorable or negative variances refer to a shortfall in the budget. A budget variance is indicative of the instances where the actual costs incurred are higher or lower than the estimated costs.

Chapter 8, Problem 1ATC

a)

To determine

Discuss whether Company F increases it unit sales by any other strategy or by cutting the prices

b)

To determine

Suggestion to improve the system by Person X

c)

To determine

Construct a flexible budget and reconstruct the budget variance

d)

To determine

The causes for the fixed cost to be different from the budgeted amount

e)

To determine

Discuss why Person C is not responsible for variance and discuss why he is responsible for material usage variance.

f)

To determine

Discuss whether labor usage variance is unfavorable or favorable if the labor price variance is unfavorable.

g)

To determine

Whether the fixed cost volume variance is unfavorable or favorable and discuss the effects of the variance on the cost per unit produced.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 4

Question

Definition Definition Measure used to estimate the difference between the budgeted and annual proportion for a specific accounting year. A favorable budget variance refers to positive variances or gains, while unfavorable or negative variances refer to a shortfall in the budget. A budget variance is indicative of the instances where the actual costs incurred are higher or lower than the estimated costs.

Chapter 8, Problem 1ATC

a)

To determine

Discuss whether Company F increases it unit sales by any other strategy or by cutting the prices

b)

To determine

Suggestion to improve the system by Person X

c)

To determine

Construct a flexible budget and reconstruct the budget variance

d)

To determine

The causes for the fixed cost to be different from the budgeted amount

e)

To determine

Discuss why Person C is not responsible for variance and discuss why he is responsible for material usage variance.

f)

To determine

Discuss whether labor usage variance is unfavorable or favorable if the labor price variance is unfavorable.

g)

To determine

Whether the fixed cost volume variance is unfavorable or favorable and discuss the effects of the variance on the cost per unit produced.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 5

Chapter 8, Problem 1ATC

a)

To determine

Discuss whether Company F increases it unit sales by any other strategy or by cutting the prices

b)

To determine

Suggestion to improve the system by Person X

c)

To determine

Construct a flexible budget and reconstruct the budget variance

d)

To determine

The causes for the fixed cost to be different from the budgeted amount

e)

To determine

Discuss why Person C is not responsible for variance and discuss why he is responsible for material usage variance.

f)

To determine

Discuss whether labor usage variance is unfavorable or favorable if the labor price variance is unfavorable.

g)

To determine

Whether the fixed cost volume variance is unfavorable or favorable and discuss the effects of the variance on the cost per unit produced.

Answer 6

Chapter 8, Problem 1ATC

a)

To determine

Discuss whether Company F increases it unit sales by any other strategy or by cutting the prices

Answer 7

Chapter 8, Problem 1ATC

a)

To determine

Discuss whether Company F increases it unit sales by any other strategy or by cutting the prices

Answer 8

b)

To determine

Suggestion to improve the system by Person X

Answer 9

b)

To determine

Suggestion to improve the system by Person X

Answer 10

c)

To determine

Construct a flexible budget and reconstruct the budget variance

Answer 11

c)

To determine

Construct a flexible budget and reconstruct the budget variance

Answer 12

d)

To determine

The causes for the fixed cost to be different from the budgeted amount

Answer 13

d)

To determine

The causes for the fixed cost to be different from the budgeted amount

Answer 14

e)

To determine

Discuss why Person C is not responsible for variance and discuss why he is responsible for material usage variance.

Answer 15

e)

To determine

Discuss why Person C is not responsible for variance and discuss why he is responsible for material usage variance.

Answer 16

f)

To determine

Discuss whether labor usage variance is unfavorable or favorable if the labor price variance is unfavorable.

Answer 17

f)

To determine

Discuss whether labor usage variance is unfavorable or favorable if the labor price variance is unfavorable.

Answer 18

g)

To determine

Whether the fixed cost volume variance is unfavorable or favorable and discuss the effects of the variance on the cost per unit produced.

Answer 19

g)

To determine

Whether the fixed cost volume variance is unfavorable or favorable and discuss the effects of the variance on the cost per unit produced.

Answer 20

Expert Solution & Answer

Answer 21

Expert Solution & Answer

Answer 22

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 23

Ch. 8 - Prob. 1LO Ch. 8 - Prob. 2LO Ch. 8 - Prob. 3LO Ch. 8 - Prob. 4LO Ch. 8 - Prob. 5LO Ch. 8 - Prob. 6LO Ch. 8 - Prob. 1Q Ch. 8 - Prob. 2Q Ch. 8 - Prob. 3Q Ch. 8 - Prob. 4Q

Discuss whether Company F increases it unit sales by any other strategy or by cutting the prices

Discuss whether Company F increases it unit sales by any other strategy or by cutting the prices

Suggestion to improve the system by Person X

Construct a flexible budget and reconstruct the budget variance

The causes for the fixed cost to be different from the budgeted amount

Discuss why Person C is not responsible for variance and discuss why he is responsible for material usage variance.

Discuss whether labor usage variance is unfavorable or favorable if the labor price variance is unfavorable.

Whether the fixed cost volume variance is unfavorable or favorable and discuss the effects of the variance on the cost per unit produced.

Want to see the full answer?

Chapter 8 Solutions