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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copyediting‚ typesetting‚ printing‚ and binding. An engineering department provides technical assistance to the various production units. Ralph Davis‚ owner and manager of AMG‚ has made a concentrated effort to provide a quality product at a competitive price with delivery on the promised due date. Expanding sales have been attributed to this philosophy. Davis is finding it increasingly difficult to personally supervise the operations of AMG and is beginning to institute an organizational structure that
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QUESTION 1 In developing an annual budget accompanies may choose to adopt either top down budgeting approach or bottom up budgeting approach. In the finance ministry bottom down budgeting was a traditional way used in budget formulation. Top down budgeting came in the 1990s as a motivation to curb the fiscal deficits in which it lead to fiscal crisis in other countries. Top down budgeting was found that it helps and manages well the fiscal deficit efficiently unlike bottom up budgeting approach.
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Butyl(21‚000t) Group 3 - 3/13 Q1. The meaning and accuracy of the volume variance. • NASA Rubber Division의 Sales Performance(1986) Actual Net sales Revenue 63‚239‚000 Budget 58‚660‚000 Deviation 4‚579‚000 exceed 3‚735‚000 exceed Gross Margin ※ Sales Volume Up 40‚945‚000 37‚210‚000 ※ Feedstock Cost Down Group 3 - 4/13 • NASA Rubber Division - Net Contribution(1986) Actual Budget Deviation Volume Variance - 11‚375‚000 -6‚125‚000 5‚250‚000 U Gross Profit / NSR 8.2%
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and for the budget to be functional‚ an organization must stick to the budget very closely. No matter how closely a budget is followed‚ there will be variances. Organizations can expect such variances and be able to work such situations into budgetary constraints. This paper assesses certain situations in which budgeting‚ forecasting‚ and variance interact. Managing the Budget within the Forecast According to Cleverly & Cameron‚ (2007‚ p. 331)‚ when management is done by many different people
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uses standards for cost and revenue for the purpose of control through variance analysis. We can say standard costing is a technique of costing‚ which also established control over costing. Standard cost can be defined “As a pre-determined cost which is calculated from management’s standard of efficient operation and relevant necessary expenditure. It may be used as a basis for price fixing and for control through variance analysis.” Hence we can say standard costs are pre-determined estimates
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cost of 76‚000 units Cost variances Materials price Materials usage Labour rate Labour efficiency Fixed overhead expenditure Fixed overhead volume Actual cost $ 3‚040‚000 Adverse 64‚500 58‚800 48‚000 50‚000 32‚000 203‚300 102‚000 101‚300 3‚141‚300 Favorable 52‚000 1 www.eduwithsugeeth.com (c) Planning variance = (2·00-2·10) 6 x 76‚000 = $45‚600 adverse Operational price variance = (2·10 - 924‚500/430‚000) 430‚000 = $21‚500 adverse Operational usage variance = (76‚000 x 6 - 430‚000)
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3.0 Variance Analysis 3.1 Flexible-Budget Variance Analysis In Barnes Scuba Diving case‚ the main comparison for the flexible-budget variance analysis would be between the actual results and flexible budget. Static budget would not be useful for this comparison due to the different sales unit output which may result in a misleading and inaccurate result comparison. With reference to the Flexible Budget Section attached in Annex X‚ Flexible-Budget Variance for Revenues was identified to be a favourable
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BUS 173 Assignment 2 Prepared For: Md. Siddique Hossain (Sqh) Answer to the question no 01 Inference Regarding the population variance‚ σ 2 An important area of statistic is concern with making inference about the population variance. Knowledge of population variability is an important element of statistical analysis. Two possibilities arise For example. A) For a car rental agency . * Tires with low variability’s is preferred compared with durable lives with high variability
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Running Heading: COST ALLOCATION AND VARIANCES Cost Allocation and Variances- Chapter 12 & 13 Text Book Questions Stacey S. Swafford University of Phoenix ACC 561 Dr. Janice Mereba April 23‚ 2010 Chapter 12 Excel Application Exercise 12-59: Allocating Costs Using Direct and Step-Down Methods p. 584 Goal: Create an Excel spreadsheet to allocate costs using the direct method and the step-down method. Use the results to answer questions about your findings. Scenario: Antonio
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