Direct Material Price Variance
Jennifer edwards Direct Material Price variance can be defined as the difference between the actual price of the materials used for the production purposes and the standard cost of the materials that…
Direct Labor Efficiency Variance
Direct labor efficiency variance is the measure of the efficiency of the direct labor that is applied to any project within a business company. It can be defined as the…
Sales Quantity Variance
Sales quantity variance is somewhat similar to the sales volume variance and it is the measure of the change in the contribution margin or the profit per unit volume of…
Direct Material Usage Variance
Direct material usage variance is the measurement of degree of change in the usage of material in a current accounting period for a desired level output. It can be defined…
What is Sales Volume Variance?
Sales volume variance is the difference between the actual sales and the projected sales that results in the contribution profit of a business entity. There may be a number of…
Importance of Variance Analysis
Variance analysis is a process of measuring and analyzing the difference between the two figures. Variance analysis can be defined as a statistical or accounting tool that is used in…
Importance of Variance
The word variance is actually derived from the word variety that in terms of statistics means the difference among various scores and readings. Variance can be termed as the basic…
Offset Mortgage
Offset Mortgage as the name indicates is the type of the mortgage that has an additional offset attached to it. In order to explain offset mortgage we can say that…
Offensive Competitive Strategy
Offensive competitive strategy is a corporate strategy where the company or the business entity tends to pursue the changes in the market in a vigorous and active manner. The major…
Over leveraged
Over leveraged is an accounting term and in actual it is a financial condition of a business entity or a company where the business is carrying too much debt over…
Outlay Cost
Outlay cost can be defined as the concrete cost related to the business that remains constant and can be defined at any time such as past, present and future. It…
Outsourcing
Outsourcing is a concept of getting the work done from some source that is outside the business entity or the business corporation. With the concept of outsourcing companies distribute the…
Overall Turnover
Overall turnover is the other name of total revenues of a company or a business entity. This is a synonym to total revenues term that is commonly used in the…
Overcast
Overcast is a type of forecasting error. This error occurs when a business entity or a company is trying to estimate or forecast its future financial entities such as future…
Accommodation Line
Accommodation line can be defined as an addition, deduction, transformation or any kind of change in an existing insurance contract. There are several reasons of introducing this change as this…
Accommodation Trading
As the name indicates the accommodation trading is a kind of adjustment trading in which one trader accommodates or adjusts for another trader by entering or establishing a non-competitive purchase…
Accommodation Endorsement
Accommodation endorsement can be defined as the written agreement between the two entities where one entity legally back the credit liability of the other entity. This is a type of…
Accounting Earnings
Accounting Earnings can be defined as the total amount that is earned by a business entity or a company in the given accounting period that may last for a year…