what is a variance? b. when might a favorable variance not be a good outcome?

Q: Why are unfavorable variances recorded by using debitentries and favorable variances recorded by…

A:

Q: Material Cost Variance can be segregated between: a. Mix Variance and Yield Variance b. Usage…

A: solution concept material cost variance material cost variance is divided into material price…

Q: In some cases, a favourable variance can be as bad or worse as an unfavourable variance.

A: Favorable variances (FV) refers to generating more amount of revenue or income from the source than…

Q: Which of the following is FALSE regarding variances? O A favorable variance, when it occurred, are…

A: The method of costing used to determine deviations is referred to as standard costing. The standard…

Q: What is the expected return? What is the variance? What is the standard deviation?

A: State Probability Returns       Boom 0.25 0.15 Normal 0.50 0.08 Slow down 0.15 0.04…

Q: When using a standard cost system what term is used to denote that the actual cost is less than the…

A: Standard cost is calculated using estimated amounts. If the actual cost is less than the standard…

Q: Why is the variance (or standard deviation) used as a measure of risk? What are the advantages and…

A: Reasons of utilizing variance as a risk measure: While consider a lesser risk in investment, fewer…

Q: When using a standard cost system what term refers to the differences between actual and standard…

A: Difference of actual and standard cost is measured to calculate the variance. The variances of cost…

Q: Which one of the following measures is relevant for assessing exposure to systematic risk?

A: Systematic Risk: It refers to the risk caused by factors that are not in the control of an…

Q: concepts underlying variance analysis

A: Variance analysis is a part of standard costing under cost accounting.

Q: Explain favourable variance.

A: Definition:   Variance analysis: Variance analysis is the process of evaluating the differences…

Q: Calculate the following and determine if variances are favorable

A: Compute the total standard material cost.

Q: Explain what is meant by and the limits of mean variance analysis when it comes to investment…

A: Mean-Variance Analysis is an investment decision tool technique that is used by investors to make…

Q: of the following set of terms describes the same type of variance?   a)Usage variance, efficiency…

A: The variance is the difference between the actual data and standard output of the production.

Q: Explain the difference between a favorable and an unfavorable variance.

A: Variance: The term variance is used under standard costing system. Variance is actually the…

Q: When the total direct labor cost variance is unfavorable, the direct labor rate variance will (must)…

A: Honor Code: Since you have asked multiple questions, we will solve the first question for you. If…

Q: What would be the expected value, variance and standard deviation of an event that always took the…

A: Expected value :- Expected value is anticipated future value of an event.  Standard Deviation:-…

Q: What is the cost price variance? * G

A: Variance: The difference between the actual cost or price and the budgeted (standard) cost or price…

Q: Distinguish between a favorable variance and an unfavorable variance.

A: Favorable Variance: Favorable variance is the variation in the actual and planned output which is…

Q: Explain the concept of iso-expected return lines, iso-variance ellipses, and the critical line and…

A: Minimum variance frontier: It is a frontier that identifies those portfolios that have a minimum…

Q: What makes a variance favorable? Give an example of a favorable variance involving materials. What…

A: Variance is the difference in the value of budgeted cost\quantity and the actual cost\quantity. When…

Q: a. what is avariance? b. when might a favorable variance not be a good outcome

A: What is Variance :  A variance is the difference between the cost or revenue planned or budgeted by…

Q: When management uses variance reports to evaluate cost control, they look into which of the…

A: Standard costing means where standard is set for various cost element and actual cost is then…

Q: The concept of beta is most closely associated with:a. Correlation coefficients.b. Mean-variance…

A: d. Systematic Risk Risk related to an overall market. It is a risk in a portfolio that cannot be…

Q: Write down two possible causes for each variance.

A: Variance refers to the differs between the budgeted and actual. It may be favourable and…

Q: If the materials price variance is favorable but the materials quantity variance is unfavorable,…

A:

Q: Can someone give an example or scenario of mean-variance analysis?

A: Introduction: Mean-variance analysis is a method used by investors to make investment decisions on…

Q: Suppose an investment is equally likely to have a 30% return or a -5% return. The variance on the…

A: 50% of probability of both returns Return 1 = 30%  Return 2 = -5%

Q: Explain Measures of Variance and Risk?

A: Variance tests normal or normal variability. Variability is volatility for investors, and volatility…

Q: naterials yield variance.

A: We have to convert standard data to Actual Data Material A 1500 Material B.   625 Material C. 1000…

Q: Define unfavourable variance.

A: Variance: Variance refers to the difference level in the actual cost incurred and standard cost. The…

Q: The sales price factor shows a variance of * D

A: Variance caused by selling price in total sales is known as sales price Variance.   Formula:  Sales…

Q: Poorly trained workers could have an unfavorable effect on which of the following variances?…

A: Poorly trained workers can cause more usage of materials or more time for the job.   So poorly…

Q: What is unfavorable variance? Give three examples?

A: Unfavorable Variance: Unfavorable variance is the variation in the actual and planned output which…

Q: B. Given the possible causes of the variances, identify the variance for each number and whether…

A: Identifying the names of variances and whether they are favourable or unfavourable is shown…

Q: re all variances investigated? Why or why not?

A: Variance: A variance reflects the degree by which the actual results vary from the anticipated or…

Q: 7. Which of the following statements about the mean-variance criterion is correct? a. The mean…

A: Mean-Variance criterion : Mean-Variance Criterion is a method used by investors to decide which…

Q: Required: Use the variance formulas to compute the following variances. (Indicate the effect of each…

A: Variable-overhead spending variance  $54,000  U Variable-overhead efficiency variance  $42,000  U…

Q: Comment on the statement “A favourable variance is always better than an adverse variance” by…

A: Variance is the difference between actual numbers and budgeted numbers. Variance can be favourable…

Q: Which of the following is FALSE regarding variances? O A favorable variance, when it occurred, are…

A: Standard costing refers to the method of costing used to find out the variances. Standard overhead…

Q: Explain how you find the portion of the mean-variance-frontier that is the efficient frontier and…

A: There are two parts of portfolio one is return and another is risk.