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Sales volume variance can be considered favorable or unfavorable. Causes of sales volume variance include changes in competition and sales prices, changes in consumer desires (i.e. fashion trends over time), and impositions or removals of government trade restrictions. [2]
Variance analysis, in budgeting or management accounting in general, is a tool of budgetary control and performance evaluation, assessing any variances between the budgeted, planned, or standard amount, and the actual amount realized.
Price variance (Vmp) is a term used in cost accounting which denotes the difference between the expected cost of an item (standard cost) and the actual cost at the time of purchase. [1] The price of an item is often affected by the quantity of items ordered, and this is taken into consideration.
1 Unfavorable Trend That Explains the 27% Decrease in UPS Stock. Lee Samaha, The Motley Fool. ... as volume growth will lead to a decline in the industry capacity surplus, creating a better ...
In Cost-Volume-Profit Analysis, where it simplifies calculation of net income and, especially, break-even analysis.. Given the contribution margin, a manager can easily compute breakeven and target income sales, and make better decisions about whether to add or subtract a product line, about how to price a product or service, and about how to structure sales commissions or bonuses.
The company produced 2000 units of product A during the month. The labor efficiency variance is (4500 - 5000) x $14 = $7000, where 5000 hours = 2.5 hours x 2000 units of output. This variance is favorable since the actual hours used are less than the standard hours allowed.
The Negative Volume Index and Positive Volume Index are indicators to identify primary market trends and reversals when using technical analysis to study financial ...
Image source: The Motley Fool. Kroger (NYSE: KR) Q3 2024 Earnings Call Dec 05, 2024, 10:00 a.m. ET. Contents: Prepared Remarks. Questions and Answers. Call ...