Based on Chapters 7 "Flexible Budgets, Direct-Cost Variances, and Management Controls" it requires that you present examples of the different variances introduced in Ch. 7, and tell of 4 variance-pairs, and then explain the causes of the 4 variance-pairs. Here is the situation: 1. Sales-volume variances. This variance occurs because the quantity sold is different than the quantity budgeted for sales. This variance is favorable if the actual quantity sold is greater than expected. The calculation for Sales-Volume variance is: Budgeted Contribution margin per unit times (Actual units sold ? Static budget units sold).
Paper#1633 | Written in 18-Jul-2015Price : $25