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To identify a variance without indicating whether it is favorable (F) or unfavorable (U) does not indicate
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To identify a variance without indicating whether it is favorable (F) or unfavorable (U) does not indicate
To identify a variance without indicating whether it is favorable (F) or unfavorable (U) does
not
indicate
▸ whether the amount relates to price or quantity.
▸ the amount of the variance.
▸ whether the amount relates to rate or efficiency.
▸ the impact of the variance on operating income.
Textbook
Managerial Accounting
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4
th
Author:
Davis
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More solutions for this book are
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the impact of the variance on operating income.
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Define variance. What is the difference between a favorable and an unfavorable variance?
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Unfavorable variances are subtracted from each other to arrive at a favorable variance.
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A variance is labeled as "favorable" or "unfavorable" indicating the effect on managers' bonuses.
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kokomel23
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I appreciate what you did here, answered it right
fxinternational
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Brilliant
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bkrandy
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Thank you, thank you, thank you!
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