Questions from Management Accounting

Q: Informal networks (such as the use of idea brokers) are

Informal networks (such as the use of idea brokers) are one way of overcoming a lack of collaboration and innovation. Required Drawing on any of the five strategy and control frameworks outlined in t...

Q: How can the use of absorption costing lead managers to make dysfunctional

How can the use of absorption costing lead managers to make dysfunctional decisions for the entity?

Q: Explain what a favourable variance and an unfavourable variance mean in relation

Explain what a favourable variance and an unfavourable variance mean in relation to revenue and costs.

Q: Why might the role of the accountant be referred to as one

Why might the role of the accountant be referred to as one of a ‘detective’ in relation to variance analysis?

Q: Should management be upset if all variances for the period are unfavourable

Should management be upset if all variances for the period are unfavourable?

Q: Should management be excited if all variances for the period are favourable

Should management be excited if all variances for the period are favourable?

Q: Asian Iron began last year with no inventories. During the year

Asian Iron began last year with no inventories. During the year, 10 500 units were produced, of which 9400 were sold. Data concerning last year’s operations appear here:...

Q: Variance analysis is only useful for organisations using a standard costing system

Variance analysis is only useful for organisations using a standard costing system. Discuss.

Q: Software Galore sells gaming software that is downloaded to the customer’s device

Software Galore sells gaming software that is downloaded to the customer’s device on purchase. The owner, Fred, was talking with a friend who sang the praises of flexible budgeting in his manufacturin...

Q: Which type of entities would be suited to the use of a

Which type of entities would be suited to the use of a standard cost system?