MANAGERIAL ACCOUNTING FOR MANAGERS
5th Edition
ISBN: 9781264196456
Author: Noreen
Publisher: MCG
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Question
Chapter 10, Problem 10.3Q
To determine
Concept introduction:
A variance indicates the difference between the standard amount and the actual amount of an item. The variances are used in the budgetary control techniques to evaluate the performance of the business. The variances can be divided into two types; quantity variance and price variance.
To indicate: the person responsible for material price variance, for the material quantity variance, and the labor efficiency variance.
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EXCELSIOR COMMUNITY COLLEGE
HOSPITALITY MANAGEMENT ACCOUNING
MID-SEMESTER
ACCT4301
UNIT 2
Section A of this assessment is to be done on Canvas
Section B
Answer all questions in this section - round off your answers to two decimal places
Instructions: Responses should be written on paper. Take a CLEAR, WELL-LIGHTED
picture of each page, the upload to Canvas.
1. The following information relates to Moonlight Hotel
2018
2019 $ change % change
Net sales
1,818,500 1,750,000
Cost of Goods Sold
1,005,500 996,000
Operating profit
813,000 754,000
Selling and administrative expenses
506,000 479,000
Income from operations
307,000 275,000
Other expenses and losses
Interest expenses
18,000
19,000
Income before income taxes
289,000
256,000
Income tax expenses
86,700
77,000
Net Income
202,300
179,000
Required:
i.
Use the above information to prepare the comparative analysis income
statement.
Chapter 10 Solutions
MANAGERIAL ACCOUNTING FOR MANAGERS
Ch. 10 - Prob. 10.1QCh. 10 - Prob. 10.2QCh. 10 - Prob. 10.3QCh. 10 - Prob. 10.4QCh. 10 - Prob. 10.5QCh. 10 - Prob. 10.6QCh. 10 - Prob. 10.7QCh. 10 - Prob. 10.8QCh. 10 - Prob. 10.9QCh. 10 - Prob. 10.10Q
Ch. 10 - Prob. 1TF15Ch. 10 - Prob. 10.1ECh. 10 - Prob. 10.2ECh. 10 - Prob. 10.3ECh. 10 - Prob. 10.4ECh. 10 - Prob. 10.5ECh. 10 - Prob. 10.6ECh. 10 - Prob. 10.7ECh. 10 - Prob. 10.8ECh. 10 - Prob. 10.9PCh. 10 - Prob. 10.10PCh. 10 - Prob. 10.11PCh. 10 - Prob. 10.12PCh. 10 - Prob. 10.13PCh. 10 - Prob. 10.14PCh. 10 - Prob. 10.15PCh. 10 - Prob. 10.16PCh. 10 - Prob. 10.17C
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