Variance analysis would be appropriate to measure performance ina. profit centers.b. investment centers.c. cost centers.d. all of the above.
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- What are the six characteristics of a good performance measurement system?1) Explain how standard costs are established? How do managers evaluate performance using cost variance analysis? 2) How do you make a decision in case of special order? Explain. Use examples if required.Performance Eval Variances: Refer to the picture. Thank you!
- Q.Other than performance evaluation, what reasons are there for calculating variances?Which of the following items would be useful to management in deciding whether to investigate the cause of a reported standard cost variance? O Cost-volume-profit analysis. O Simultaneous equations. O Linear regression analysis. O Iso-profit lines. Indifference probability.Compute for expected return, variance at SD. Identify the efficient set using graph. Show solutions.
- Write cost pool, cost driver, activity cost, budgeting. What are the assumption of CVP analysis? What is BEP point? Draw a CVP graph.Which of the following is the basic purpose of a responsibility accounting?a. variance analysisb. motivationc. authorityd. budgetinge. pricingDiscuss the significant of variance analysis in cost management.
- Please show calculationRequired:Using the three-variance approach,a.what is spending varianceb.what is efficiency variancec.what is volume varianceWhich method is used to see if a relationship between the cost driver and total cost exists? scatter plot variance analysis outlier account analysisPerformance Eval Variances: Refer to the pictures. One has the information and the second has the template. Thank you!