Learn more about cost behavior, the definitions of fixed, variable, and mixed costs, and the pattern analysis for each type of cost. Looking at contribution margin in a vacuum is only going to give you so much information. The non-operating section... Read more
With a user-friendly interface and a solid mobile application, Zoho Books is one of the more straightforward, accessible solutions listed here. But it still comes with its share of limitations, including a lack of payroll management resources. The f... Read more
Net present value (NPV) represents the sum of all future cash flows over the entire life of a project or investment that is discounted to the present day. Company ABC is considering an investment proposal which requires making an initial investment... Read more
Using the blue padlock icons next to the Throw Distance value or Image Size value you can have the Zoom Range slider only affect one of the two controls. If you press the blue padlock icon next to the Throw Distance value so that the icon shows... Read more
The Eastern trading company presents the following transactions relating to purchasing activities during the month of June 2016. The difference between the amount at which Accounts Payable is debited and Cash is credited is debited to an account tit... Read more
Owing to its size, the company offers a more personal kind of service where clients can get to know the company more intimately. The use of the founder’s name in the business title is, therefore, suitable as it helps to establish a level of tr... Read more
You can save money on your business taxes by timing your income and expenses at the end of the year to maximize your deductions and minimize your taxable income. Generally speaking, a company with a negative retained earnings balance would signal we... Read more
In this example, there are no errors or omissions; therefore, a purchase order is created for the supplier. The purchase order lists the specifics of the order, such as the product type and the quantity needed. A gate pass is a document issued in th... Read more
Direct materials quantity variance is also known as direct material usage or volume variance. Finish the materials quantity variance calculation by multiplying the difference of the standard and actual quantities by the standard cost. Find the mater... Read more
Material Mix Variance quantifies the effect of a variation in the proportion of raw materials used in a production process over a period. “that portion of the direct materials usage variance which is due to the difference between the standard... Read more
