Explain whether Company GB increased it unit sales by any other strategy or by cutting the prices.

Question

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Answer 1

Question

Chapter 15, Problem 1ATC

a)

To determine

Explain whether Company GB increased it unit sales by any other strategy or by cutting the prices.

b)

To determine

Identify whether Person B is correct or not in his conclusion regarding the performance evaluation process of the company. If yes, suggest ways to improve the system.

c)

To determine

Construct a flexible budget and reconstruct the budget variance

d)

To determine

Explain the causes for the fixed cost to be different from the budgeted amount

e)

To determine

Discuss why Person B is not responsible for variance and discuss why he is responsible for material usage variance.

f)

To determine

Discuss whether labor usage variance is unfavorable or favorable if the labor price variance is unfavorable.

g)

To determine

Identify whether the fixed cost volume variance is unfavorable or favorable and discuss the effects of the variance on the cost per unit produced.

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Answer 2

Question

Chapter 15, Problem 1ATC

a)

To determine

Explain whether Company GB increased it unit sales by any other strategy or by cutting the prices.

b)

To determine

Identify whether Person B is correct or not in his conclusion regarding the performance evaluation process of the company. If yes, suggest ways to improve the system.

c)

To determine

Construct a flexible budget and reconstruct the budget variance

d)

To determine

Explain the causes for the fixed cost to be different from the budgeted amount

e)

To determine

Discuss why Person B is not responsible for variance and discuss why he is responsible for material usage variance.

f)

To determine

Discuss whether labor usage variance is unfavorable or favorable if the labor price variance is unfavorable.

g)

To determine

Identify whether the fixed cost volume variance is unfavorable or favorable and discuss the effects of the variance on the cost per unit produced.

Expert Solution & Answer

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Answer 3

Question

Chapter 15, Problem 1ATC

a)

To determine

Explain whether Company GB increased it unit sales by any other strategy or by cutting the prices.

b)

To determine

Identify whether Person B is correct or not in his conclusion regarding the performance evaluation process of the company. If yes, suggest ways to improve the system.

c)

To determine

Construct a flexible budget and reconstruct the budget variance

d)

To determine

Explain the causes for the fixed cost to be different from the budgeted amount

e)

To determine

Discuss why Person B is not responsible for variance and discuss why he is responsible for material usage variance.

f)

To determine

Discuss whether labor usage variance is unfavorable or favorable if the labor price variance is unfavorable.

g)

To determine

Identify whether the fixed cost volume variance is unfavorable or favorable and discuss the effects of the variance on the cost per unit produced.

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Answer 4

Question

Chapter 15, Problem 1ATC

a)

To determine

Explain whether Company GB increased it unit sales by any other strategy or by cutting the prices.

b)

To determine

Identify whether Person B is correct or not in his conclusion regarding the performance evaluation process of the company. If yes, suggest ways to improve the system.

c)

To determine

Construct a flexible budget and reconstruct the budget variance

d)

To determine

Explain the causes for the fixed cost to be different from the budgeted amount

e)

To determine

Discuss why Person B is not responsible for variance and discuss why he is responsible for material usage variance.

f)

To determine

Discuss whether labor usage variance is unfavorable or favorable if the labor price variance is unfavorable.

g)

To determine

Identify whether the fixed cost volume variance is unfavorable or favorable and discuss the effects of the variance on the cost per unit produced.

Expert Solution & Answer

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Answer 5

Chapter 15, Problem 1ATC

a)

To determine

Explain whether Company GB increased it unit sales by any other strategy or by cutting the prices.

b)

To determine

Identify whether Person B is correct or not in his conclusion regarding the performance evaluation process of the company. If yes, suggest ways to improve the system.

c)

To determine

Construct a flexible budget and reconstruct the budget variance

d)

To determine

Explain the causes for the fixed cost to be different from the budgeted amount

e)

To determine

Discuss why Person B is not responsible for variance and discuss why he is responsible for material usage variance.

f)

To determine

Discuss whether labor usage variance is unfavorable or favorable if the labor price variance is unfavorable.

g)

To determine

Identify whether the fixed cost volume variance is unfavorable or favorable and discuss the effects of the variance on the cost per unit produced.

Answer 6

Chapter 15, Problem 1ATC

a)

To determine

Explain whether Company GB increased it unit sales by any other strategy or by cutting the prices.

Answer 7

Chapter 15, Problem 1ATC

a)

To determine

Explain whether Company GB increased it unit sales by any other strategy or by cutting the prices.

Answer 8

b)

To determine

Identify whether Person B is correct or not in his conclusion regarding the performance evaluation process of the company. If yes, suggest ways to improve the system.

Answer 9

b)

To determine

Identify whether Person B is correct or not in his conclusion regarding the performance evaluation process of the company. If yes, suggest ways to improve the system.

Answer 10

c)

To determine

Construct a flexible budget and reconstruct the budget variance

Answer 11

c)

To determine

Construct a flexible budget and reconstruct the budget variance

Answer 12

d)

To determine

Explain the causes for the fixed cost to be different from the budgeted amount

Answer 13

d)

To determine

Explain the causes for the fixed cost to be different from the budgeted amount

Answer 14

e)

To determine

Discuss why Person B is not responsible for variance and discuss why he is responsible for material usage variance.

Answer 15

e)

To determine

Discuss why Person B is not responsible for variance and discuss why he is responsible for material usage variance.

Answer 16

f)

To determine

Discuss whether labor usage variance is unfavorable or favorable if the labor price variance is unfavorable.

Answer 17

f)

To determine

Discuss whether labor usage variance is unfavorable or favorable if the labor price variance is unfavorable.

Answer 18

g)

To determine

Identify whether the fixed cost volume variance is unfavorable or favorable and discuss the effects of the variance on the cost per unit produced.

Answer 19

g)

To determine

Identify whether the fixed cost volume variance is unfavorable or favorable and discuss the effects of the variance on the cost per unit produced.

Answer 20

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Answer 21

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Answer 22

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Answer 23

Ch. 15 - 1. Pam Kelly says she has no faith in budgets. Her...Ch. 15 - 7. What is a responsibility center?Ch. 15 - Prob. 3Q Ch. 15 - Prob. 4Q Ch. 15 - Prob. 5Q Ch. 15 - 3. When are sales and cost variances favorable and...Ch. 15 - 4. Joan Mason, the marketing manager for a large...Ch. 15 - Prob. 8Q Ch. 15 - Prob. 9Q Ch. 15 - Prob. 10Q

Explain whether Company GB increased it unit sales by any other strategy or by cutting the prices.

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Explain whether Company GB increased it unit sales by any other strategy or by cutting the prices.

Identify whether Person B is correct or not in his conclusion regarding the performance evaluation process of the company. If yes, suggest ways to improve the system.

Construct a flexible budget and reconstruct the budget variance

Explain the causes for the fixed cost to be different from the budgeted amount

Discuss why Person B is not responsible for variance and discuss why he is responsible for material usage variance.

Discuss whether labor usage variance is unfavorable or favorable if the labor price variance is unfavorable.

Identify whether the fixed cost volume variance is unfavorable or favorable and discuss the effects of the variance on the cost per unit produced.

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Chapter 15 Solutions