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What factors causes Budget Variance?
There are 7 variances associated with a budget ( which are generally calculated for controlling purposes) 1- Material Price variance 2- Material Quantity variance 3- Labor rate variance 4- Labor efficiency variance 5- Spending variance 6- Efficiency variance 7- Capacity variance
What difference between a favorable variance and an unfavorable variance?
Favourable variance is that variance which is good for business while unfavourable variance is bad for business
What factors did you consider in numbers?
I would consider both prime and composite factors - depending on what was required.
What is Assumptions for Variance Homogeneous?
Equal in Variance
Why is variance important when using statistics?
Variance is basically the raw material of statistics. If you don't have variance (differences in scores) you don't have much to work with or for that matter you don't have much to talk or think about. Consider a test where everyone gets the same score. What does that tell you? You might have some measurement problem, wherein the test is so easy everyone aces it. Still it might be so hard that everyone gets a zero. Now consider two tests. On each everyone gets the same score. That is on test one everyone gets a 15 and on the second test everyone gets a 10. That isn't telling you much is it? Now these are extreme cases, but in general, more variance is better and less variance isn't so good.
What factors causes Budget Variance?
There are 7 variances associated with a budget ( which are generally calculated for controlling purposes) 1- Material Price variance 2- Material Quantity variance 3- Labor rate variance 4- Labor efficiency variance 5- Spending variance 6- Efficiency variance 7- Capacity variance
What does the four Ps refer to when you are involved in a mishap investigation?
The four Ps in mishap investigation refer to the following key factors: People involved, Personnel factors, Product factors, and Place factors. These are essential elements to consider when investigating a mishap to understand the circumstances and contributing factors involved.
Two things you should consider about yourself when investigating careers are?
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When investigating the prime factors of 2 10 50 and 250 when would fractions terminate or when would they be recurring?
When investigating the prime factors of any number, you would not encounter any fractions.
What are the factors to consider in comparing monitors?
What are the factors to consider in comparing monitors?
What are the factors to consider planning garment design?
factors to consider in planning a garment
What difference between a favorable variance and an unfavorable variance?
Favourable variance is that variance which is good for business while unfavourable variance is bad for business
What is the average cost of replacement windows for a home?
The cost can range anywhere from $500-$1500 per window, so as you can see there is quite a bit of variance. That is why it is important to consider all of the factors and not just price. There is a complimentary e-book at http://www.WindowHelpBook.com that can help with that.
What is the difference between negative price variance and volume variance?
Negative price variance is when the cost is less than budgeted. Volume variance is a variance in the volume produce.
What are the factors to consider before the occasion?
factors people consider before settling near a river
What factors did you consider in numbers?
I would consider both prime and composite factors - depending on what was required.
What are the variances in a 4 variance analysis?
efficiency variance, spending variance, production volume variance, variable and fixed components
