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What does activity-level variances plus flexible-budget variances equal?
total master-budget variances
Why are variances generally segregated in terms of a price variance and an efficiency variance?
Efficiency Varian materials and direct labor, the variances were recorded in specific general ledger accounts.
What does the F statistics tell you?
The difference between two variances
What are budget variances?
Budget variances are differences in expenditures from your original budgeted plan. This may happen if there is an expense during the month that one may not have planned for such as an automotive repair or doctor's bill.
Are F-test and ANOVA the same in statistics?
The F-test is designed to test if two population variances are equal. It compares the ratio of two variances. If the variances are equal, the ratio of the variances will be 1.The F-test provides the basis for ANOVA which can compare two or more groups.One-way (or one-factor) ANOVA: Tests the hypothesis that means from two or more samples are equal.Two-way (or two-factor) ANOVA: Simultaneously tests the hypothesis that the means of two variables from two or more groups are equal.
What does activity-level variances plus flexible-budget variances equal?
total master-budget variances
The variances that should be investigated by management include?
should all variances be investigated
When comparing two variances or standard deviations is an f-test is used?
An F-test can be used for variances.
Explain the meaning and relevance of interdependence of variances when reporting to managers?
The cause of one (adverse) variance may be wholly or partly explained by the cause of another (favourable) variance.Material price or material usage and labour efficiencyLabour rate and material usageSales price and sales volume
Which is the correct set of assumptions needed for comparing 3 or more means?
Equal variances, independent observations and normality
Why are separate price and quantity variances computed?
Price and quantity variances are computed respectively because different managers are usually responsible for buying and for using inputs.
What is a sentence for adverse?
I am adverse to this question!
Why are variances generally segregated in terms of a price variance and an efficiency variance?
Efficiency Varian materials and direct labor, the variances were recorded in specific general ledger accounts.
What does adverse mean in this sentence you are not adverse to dating outside your race?
Saying not adverse means you are not against. An adverse reaction 'goes against' the expected reaction. I am not adverse to reading my science textbook.
What are example sentences for the word adverse?
There were adverse effects of temperature of people. This is a sentence containing the word adverse.
The formation of waves is a result of what?
Momentum transfer or pressure variances.
What does the F statistics tell you?
The difference between two variances
