Adding the two variables together, we get an overall variance of $4,800 (Unfavorable). Management should address why the actual labor price is a dollar higher than the standard and why 1,000 more hours are required for production. The same column method can also be applied to variable overhead costs. It is similar to the labor … Continue reading 8 3 Compute and Evaluate Labor Variances Principles of Accounting, Volume 2: Managerial Accounting →

We believe everyone should be able to make financial decisions with confidence. Common sense may tell you that churches will tend to postpone technology purchases compared to other organizations or small businesses due to budget constraints. Many organizations just don’t have money in the budget to upgrade their technology every year, and a complete volunteer-ran … Continue reading Church Management Software for Small and Large Churches →