Variable expenses include raw materials, production costs, delivery costs, packaging, and labor tariffs. In contrast, variable expenses are not fixed (they vary over time). Factors like production volume, cost per unit, and economies of scale influence variable costs, impacting profitability. …
One of the fundamental tools in assessing and achieving profit goals is target profit analysis. This analysis is particularly valuable for companies seeking to determine the level of sales needed to reach a specific profit target. Target profit is the …
Following are the necessary journal entries to record the expense in 2019 and the repairs in 2020. The resources used in the warranty repair work could have included several options, such as parts and labor, but to keep it simple …
Comprehensive income is a financial reporting measure that includes all changes in a company’s net assets over a specific period of time. Comprehensive income provides a broader view of a company’s financial performance beyond its net income, offering insights into …
To calculate Sales Quantity Variance, subtract the actual sales volume from the budgeted sales volume. The articles and research support materials available on this site are educational and are not intended to be investment or tax advice. All such information …
The head of household status applies to unmarried individuals maintaining a home for a qualifying person, such as a child or dependent relative. This status offers a higher standard deduction and more favorable tax treatment than single filing. To qualify, …
Andy Smith is a Certified Financial Planner (CFP®), licensed realtor and educator with over 35 years of diverse financial management experience. He is an expert on personal finance, corporate finance and real estate and what is a w8 has assisted …
It’s a sign of a good investment if it’s coming from normal business operations. It might be an unattractive investment opportunity if the company is consistently issuing new stock or taking out debt. It’s important for accountants, financial analysts, and …
By way of inserting a malicious code into the software, hackers managed to access information provided by customers making purchases. Dave, an overdraft and cash advance service, confirms data breach resulting in the theft of a database containing 7.5 million …
By way of inserting a malicious code into the software, hackers managed to access information provided by customers making purchases. Dave, an overdraft and cash advance service, confirms data breach resulting in the theft of a database containing 7.5 million …
