department that her department experienced an unfavourable sales volume variance in the preceding period but a favourable sales price variance. Based on these contradictory results‚ how would you interpret her overall performance as suggested by her variances? Q15: Sara Anderson says that she is a busy woman with no time to look at favorable variances. Instead‚ she concentrates solely on the favorable once. She says that favorable variances imply that employees are doing better than expected and need only
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pricing is the accumulation of the operating cost records‚ which is also assigned to individual programs which include engineering. The performance dashboard applies the metrics of functioning and examines the reason behind financial difficulties. Cost variance analysis identifies the differences of the original cost and perhaps estimated cost of an expense. Benchmarking gathers details of the performances as well as techniques from these types of agencies and examines the records to assist in planning
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preferred (LP)‚ and back-up (BU) styles. These styles classified into two main categories of favorable conditions and unfavorable conditions. My most preferred style under favorable condition is controlling taking. My most preferred style under unfavorable condition is conserve holding. My confirming target helps me understand my blind spots under favorable and unfavorable conditions. My strengths under favorable conditions are competitive‚ confident‚ and persuasive. An example of my competitive strengths
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SAMPLE FINAL Student: ___________________________________________________________________________ 1. What is the net monetary advantage (disadvantage) of processing Product X beyond the split-off point? A. $31‚300 B. $5‚300 C. $23‚500 D. $(2‚500) The West Division of Fitzmaurice Corporation had average operating assets of $450‚000 and net operating income of $87‚300 in November. The minimum required rate of return for performance evaluation purposes is 18%. 2. What was the West Division’s
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“Ethical Egoism: an action is morally right if the consequences of that action are more favorable than unfavorable only to the agent performing the action. • Ethical Altruism: an action is morally right if the consequences of that action are more favorable than unfavorable to everyone except the agent. • Utilitarianism: an action is morally right if the consequences of that action are more favorable than unfavorable to everyone.” In this paper‚ I would like to spend the most time on utilitarianism.
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ACC/543 Sample Final Exam The sample exam below is a representation of the Midterm and Final Examinations you will take in Weeks Three and Six of this course. As in the sample exam below‚ the Midterm and Final Examinations will include questions that assess the course objectives. Although the sample exam contains one question per objective‚ the exams will contain three questions per course objective. Refer to the questions in the sample exam below as a representation of the type of questions you
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at an average sales price of $39.75. The total dollar amount of the flexible budget sales variance is a favorable variance of $. Smith Wholesale’s budgeted sales price is $40 per unit for a budgeted sales volume of 5‚000 units. The actual performance was 5‚500 units at an average sales price of $39.75. The dollar amount of sales variance to the difference in actual and budgeted volume is a favorable variance of $. McCarver Roofing’s budgeted manufacturing costs for 22‚000 squares of shingles are
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Limited Respected members of Board of Directors: In this report‚ I will discuss the performance of NASA Division for the past 9 months during the fiscal year with special attention to the meaning and accuracy of the volume variance. Then I will identify the issues of the best sales and production strategy for EROW Division‚ NASA Division and the Rubber Group as a whole. At last‚ my recommendations of changes that should be made in the management accounting performance system
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Decision Analysis Example Consider the following problem with three decision alternatives and three states of nature with the following payoff table representing profits: States of Nature s1 s2 s3 d1 4 4 Decisions d2 0 3 d3 1 5 Which decision do you choose? -2 -1 -3 Problem Formulation • A decision problem is characterized by decision alternatives‚ states of nature‚ and resulting payoffs. • The decision alternatives are the different possible strategies the decision maker can employ. • The states
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ACG 2071 Exam 2 Review Ch. 5: 7Q‚ 2 C‚ 9 T Ch. 6: 2Q‚ 2C‚ 4T Ch. 7: 5Q‚ 2C‚ 7T Ch. 8: 6Q‚ 4C‚ 10T Chapter 5: Planning and Forecasting I. Planning and Budgeting Process Types of planning 1. Strategic planning – identifying the overall focus of the organization 2. Tactical planning – developing concrete actions that help to achieve the strategic plan. Tactical planning includes the budgeting process. 3. Budget – an operating plan that is expressed primarily in financial terms. Benefits of
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