Dear Peterson Pottery‚ Here are the variances explaining the Clay and Glaze operations. By knowing the variances‚ we can paint a picture to see what is going on within those operations. Here you will find the picture of Clay Materials and Labor‚ Glaze Material and Labor‚ Variable and Fixed Overhead. By analyzing the data‚ shown by the variances‚ there are some issues that must be brought to attention. By taking time to analyze the data and devising a plan will help your business save on costs
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950 $1.84 30‚000 c. Her actual total costs in April were $81‚500. Were her actual costs in April higher or lower than expected based on her total cost equation‚ and was this a favorable or unfavorable variance? Were actual costs higher or lower than expected? Lower Were actual costs favorable or unfavorable? Favorable 2. Big Tex is a true Texan. When he opened his hotel on the plains of West Texas‚ he named it the Screaming Saloon Inn. He now provides
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which one would he choose (MAI or I&K)? Should the new products be even introduced to the market? 2) Developing a Model: MAI’s proposal directly gives Steve the conditional probabilities he needs - probability of a successful venture given a favorable survey. Although the information from I&K is different‚ we can easily use Bayes’ theorem to on I&K information to compute the revised probabilities. As such‚ does not need any additional information from I&K. 3) Acquiring Input Data: Probabilities:
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| 2011 | 2010 | Benchmark | Favorable (F)‚ Unfavorable (U)‚ or Approximate (A)? 2011/2010 | 1. Current ratio | 3.52 | 2.59 | 2.00 | Favorable | 2. Days cash on hand | 27.64 | 18.10 | 15.00 | Favorable | 3. Days in A/R | 69.32 | 76.59 | 45.00 | Favorable | 4. Operating margin | 2.18% | 3.03% | 4% | Unfavorable | 5. Return on total assets | 5.08% | 7.13% | 4% | Unfavorable | 6. Return on net assets | 14.54% | 17.76% | 10% | Unfavorable | 7. Debt to capitalization
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for customers to perform the same basic function. So their alternatives‚ so it needs to calculate a sales combined variances template‚ template B did not provide this data. Part B Answer: According to the relationship between the BCG matrix‚ analysis of market share and market growth. First‚ for the EM 499 286 According to Table‚ the variance of the size of the market is unfavorable‚ the size of the market because their budget is 800000‚ but the actual market size of 650000‚ it does not implement
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Waltham Motors case 1. Using budget data‚ how many motors would have to be sold for Waltham Motors Division to break even? Solution: Given data‚ as per exhibit1for budget‚ is as under. Total sales (TS) =$864‚000 Total Units (TU) = 18‚000 Total variable costs (TVC) = $512‚800 Total Fixed costs (TFC) = $260‚000 Let the number of motors required to be sold to breakeven = Q Then Q = Total Fixed Costs (TFC) / Contribution Margin per unit (CMU) (Equation 1)
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actual cost: $5‚985. Standard cost allowed for units produced was $5‚400. Materials efficiency variance was $270 unfavourable. 1) The flexible budget amount expressed in number of input units per output unit is: a) 0.20 meters b) 0.21 meters c) 0.19 meters d) 600.00 meters e) None of the above 2) The materials price variance is: a) $855 favorable b) $315 favorable c) $855 unfavorable d) $315 unfavorable e) None of the above 3) The actual cost per meter is: a) $10.500 b) $ 9.975 c) $ 9.500
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EXERCISES E1-1 The variances for kitchen wages and utilities were favorable for September‚ whereas the variances for food and supplies were unfavorable. On a year-to-date basis‚ the only expense that did not have the same pattern as September was utilities which had a $120 F variance for the month‚ but an $850 U year-to-date variance. E1-2 No‚ the performance report should not be prepared just once a year. It should be furnished to managers at regular intervals‚ in this case monthly‚ on a
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Introduction Danshui Plant No.2 is a contract manufacturer locating in southern China and was assembles electronic products for companies wishing to save labor costs and they are using semiskilled labor for less than 1 dollar an hour. In August 2010‚ Danshui Plant No.2 in southern China has a 1 year contract in the period between 1 June 2010 and 31 May 2011 with Apple incorporation to assemble the Apple iPhone 4. Based on the contract‚ Danshui need to assemble 2.4 million iPhones within 1 year.
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Construction of New Food Court This Report is in Partial Fulfilment of the Course Assessment for MGMT2012 Quantitative Methods. The University of the West Indies‚ St. Augustine Campus Submitted to Dr. Shelly-ann Wilson‚ Course Lecturer Dated November 21st‚ 2014 Construction New of Food Court This Report is in Partial Fulfilment of the Course Assessment for MGMT2012 Quantitative Methods. The University of the West Indies‚ St. Augustine Campus Submitted to Dr. Shelly-ann Wilson‚ Course
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