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

Q: Gauging the Favorableness of Variances When variances occur, they are described as being either…

A: Direct Labor Rate Variance=Budgeted cost for the actual hours worked-Actual cost for the actual…

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

A:

Q: What is variance analysis? Explain?

A: Variance Analysis: Variance analysis is the process of ascertaining the deviations between actual…

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: 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: b) Why are separate price and quantity variances computed?

A: Variances is a word used for finding out the difference between the actual and standard levels set…

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: Assume that every asset has the same expected return and variance. Furthermore, all assets have the…

A: Variance is a statistical tool used to measure the extent to which the returns are spread from the…

Q: Explain favourable variance.

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

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: What is a spending variance and what does it mean?

A: A variance means difference between actual and budgeted amounts. A spending variance is difference…

Q: What is an activity variance and what does it mean?

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

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: “The direction of a variance (favorable or unfavorable) is irrelevant in decisions regarding…

A: “The direction of a variance (favorable or unfavorable) is irrelevant in decisions regarding is…

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: Can someone give an example of Mean-Variance analysis?

A: Example for mean-variance analysis:

Q: What is favorable variance? Give three examples?

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

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

A:

Q: Why are product cost variances (DM, DL, MOH) broken down and separated into price & quantity…

A: Direct Material Variance Materials Price Variance- A variance which shows the difference between…

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: Which of the following items would be useful to management in deciding whether to investigate the…

A: Standard costs are the budgeted costs related with the production, manufacturing and selling of…

Q: How can the sales-quantity variance be decomposed further?

A: Sales quantity variance identifies the difference between budgeted contribution margin based on…

Q: (b) Explain the reasons why Carad Co would be interested in the material price planning variance and…

A: The variations between predicted and actual results of a manufacturing process or other commercial…

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

A: Standard Costing System: The Standard Costing system provides for cost estimation, budgeting for…

Q: naterials yield variance.

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

Q: How does variance analysis help in continuous improvement?

A: Variance Analysis: Variance analysis is the process of ascertaining the deviations between actual…

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: unfavorable variances result from

A: Unfavorable variance:-It is a result of lower sales, higher expenses, or combination when actual…

Q: What is unfavorable variance? Give three examples?

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

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: What is the Variance of returns for Security XYZ?

A: Outcome Probability Return A 20% 20% B 80% 25%   Expected return = (Probability of…

Q: How frequently do you believe that firms should conduct variance analysis? Explain why?

A: Variance analysis a technique of control that is used by organisations to compare actual costs with…

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.