Write a memo to the instructor with three parts answering the given requirements: 1. Indicate and explain whether cost of goods sold will increase or decrease when closing a favorable variance and also indicate and explain whether gross margin will increase or decrease when a favorable variance is closed to Cost of Goods Sold. 2. Indicate and explain whether cost of goods sold will increase or decrease when closing a unfavorable variance and also indicate and explain whether gross margin will increase or decrease when a unfavorable variance is closed to Cost of Goods Sold. 3. Provide the meaning of favorable and unfavorable variance.

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Answer 1

Question

Chapter 23, Problem 4BTN

1.

To determine

Write a memo to the instructor with three parts answering the given requirements:

1. Indicate and explain whether cost of goods sold will increase or decrease when closing a favorable variance and also indicate and explain whether gross margin will increase or decrease when a favorable variance is closed to Cost of Goods Sold.

2. Indicate and explain whether cost of goods sold will increase or decrease when closing a unfavorable variance and also indicate and explain whether gross margin will increase or decrease when a unfavorable variance is closed to Cost of Goods Sold.

3. Provide the meaning of favorable and unfavorable variance.

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Answer 2

Question

Chapter 23, Problem 4BTN

1.

To determine

Write a memo to the instructor with three parts answering the given requirements:

1. Indicate and explain whether cost of goods sold will increase or decrease when closing a favorable variance and also indicate and explain whether gross margin will increase or decrease when a favorable variance is closed to Cost of Goods Sold.

2. Indicate and explain whether cost of goods sold will increase or decrease when closing a unfavorable variance and also indicate and explain whether gross margin will increase or decrease when a unfavorable variance is closed to Cost of Goods Sold.

3. Provide the meaning of favorable and unfavorable variance.

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Answer 3

Question

Chapter 23, Problem 4BTN

1.

To determine

Write a memo to the instructor with three parts answering the given requirements:

1. Indicate and explain whether cost of goods sold will increase or decrease when closing a favorable variance and also indicate and explain whether gross margin will increase or decrease when a favorable variance is closed to Cost of Goods Sold.

2. Indicate and explain whether cost of goods sold will increase or decrease when closing a unfavorable variance and also indicate and explain whether gross margin will increase or decrease when a unfavorable variance is closed to Cost of Goods Sold.

3. Provide the meaning of favorable and unfavorable variance.

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Answer 4

Question

Chapter 23, Problem 4BTN

1.

To determine

Write a memo to the instructor with three parts answering the given requirements:

1. Indicate and explain whether cost of goods sold will increase or decrease when closing a favorable variance and also indicate and explain whether gross margin will increase or decrease when a favorable variance is closed to Cost of Goods Sold.

2. Indicate and explain whether cost of goods sold will increase or decrease when closing a unfavorable variance and also indicate and explain whether gross margin will increase or decrease when a unfavorable variance is closed to Cost of Goods Sold.

3. Provide the meaning of favorable and unfavorable variance.

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Answer 5

Chapter 23, Problem 4BTN

1.

To determine

Write a memo to the instructor with three parts answering the given requirements:

1. Indicate and explain whether cost of goods sold will increase or decrease when closing a favorable variance and also indicate and explain whether gross margin will increase or decrease when a favorable variance is closed to Cost of Goods Sold.

2. Indicate and explain whether cost of goods sold will increase or decrease when closing a unfavorable variance and also indicate and explain whether gross margin will increase or decrease when a unfavorable variance is closed to Cost of Goods Sold.

3. Provide the meaning of favorable and unfavorable variance.

Answer 6

Chapter 23, Problem 4BTN

1.

To determine

Write a memo to the instructor with three parts answering the given requirements:

1. Indicate and explain whether cost of goods sold will increase or decrease when closing a favorable variance and also indicate and explain whether gross margin will increase or decrease when a favorable variance is closed to Cost of Goods Sold.

2. Indicate and explain whether cost of goods sold will increase or decrease when closing a unfavorable variance and also indicate and explain whether gross margin will increase or decrease when a unfavorable variance is closed to Cost of Goods Sold.

3. Provide the meaning of favorable and unfavorable variance.

Answer 7

Chapter 23, Problem 4BTN

1.

To determine

Write a memo to the instructor with three parts answering the given requirements:

1. Indicate and explain whether cost of goods sold will increase or decrease when closing a favorable variance and also indicate and explain whether gross margin will increase or decrease when a favorable variance is closed to Cost of Goods Sold.

2. Indicate and explain whether cost of goods sold will increase or decrease when closing a unfavorable variance and also indicate and explain whether gross margin will increase or decrease when a unfavorable variance is closed to Cost of Goods Sold.

3. Provide the meaning of favorable and unfavorable variance.

Answer 8

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Answer 9

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Answer 10

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Answer 11

Ch. 23 - Prob. 1MCQ Ch. 23 - Prob. 2MCQ Ch. 23 - Prob. 3MCQ Ch. 23 - Prob. 4MCQ Ch. 23 - Prob. 5MCQ Ch. 23 - Prob. 1DQ Ch. 23 - Prob. 2DQ Ch. 23 - 3. Prepare a flexible budget performance report...Ch. 23 - Prob. 4DQ Ch. 23 - Prob. 5DQ

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